INSPIRE MUSIC SERVICE HOPE INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$242,629
Contributions
56%
Fundraising Events
44%
Investments
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$284,996
Other
89%
Interest
8%
Advertising & Promotion
2%
Offices, Occupancy & IT
<1%
Grants
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$172,953
$135,147
-22%
Government Grants
$0
$0
-
Fundraising Events
$112,302
$106,438
-5%
Program Services
$0
$0
-
Membership Dues
$100
$0
-100%
Investments
$3,129
$1,044
-67%
Other
$0
$0
-
Total Revenues
$288,484
$242,629
-16%
Expenses
2023
2024
Change
Grants
$0
$623
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$58,162
$0
-100%
Fees to Service Providers
$64,789
$265
-100%
Advertising & Promotion
$11,134
$5,168
-54%
Offices, Occupancy & IT
$43,563
$1,666
-96%
Interest
$16,715
$23,656
+42%
Depreciation
$0
$0
-
Other
$272,740
$253,618
-7%
Total Expenses
$467,103
$284,996
-39%
Net income
2023
2024
Change
Net income
-$178,619
-$42,367
+76%
Functional Expenses
Summary
2023
2024
Change
Program
$251,351
$253,178
+1%
Admin
$150,994
$31,195
-79%
Fundraising
$64,758
$0
-100%
Total Expenses
$467,103
$284,996
-39%
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