SECOND CHANCE THROUGH FAITH
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$287,938
Government Grants
89%
Contributions
11%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$297,021
Other
48%
Salaries & Benefits
25%
Depreciation
14%
Offices, Occupancy & IT
11%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$32,475
-
Government Grants
$431,542
$254,979
-41%
Fundraising Events
$0
$0
-
Program Services
$24,376
$0
-100%
Membership Dues
$0
$0
-
Investments
$333
$484
+45%
Other
$0
$0
-
Total Revenues
$456,251
$287,938
-37%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$140,740
$73,350
-48%
Fees to Service Providers
$25,909
$3,381
-87%
Advertising & Promotion
$3,840
$356
-91%
Offices, Occupancy & IT
$50,119
$33,722
-33%
Interest
$0
$0
-
Depreciation
$62,737
$42,921
-32%
Other
$218,008
$143,291
-34%
Total Expenses
$501,353
$297,021
-41%
Net income
2023
2024
Change
Net income
-$45,102
-$9,083
+80%
Functional Expenses
Summary
2023
2024
Change
Program
$427,783
$257,179
-40%
Admin
$73,570
$39,842
-46%
Fundraising
$0
$0
-
Total Expenses
$501,353
$297,021
-41%
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