HOPE CENTER FOR ARTS AND TECHNOLOGY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$636,340
Government Grants
43%
Contributions
42%
Program Services
8%
Investments
4%
Other
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,114,504
Salaries & Benefits
51%
Offices, Occupancy & IT
15%
Other
13%
Depreciation
12%
Fees to Service Providers
6%
Interest
2%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$515,712
$267,919
-48%
Government Grants
$261,826
$271,533
+4%
Fundraising Events
$0
$0
-
Program Services
$47,886
$49,419
+3%
Membership Dues
$0
$0
-
Investments
$3,714
$26,199
+605%
Other
$1,500
$21,270
+1318%
Total Revenues
$830,638
$636,340
-23%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$526,856
$564,119
+7%
Fees to Service Providers
$85,562
$67,394
-21%
Advertising & Promotion
$6,031
$12,651
+110%
Offices, Occupancy & IT
$101,163
$165,471
+64%
Interest
$19,827
$19,378
-2%
Depreciation
$134,441
$135,261
+1%
Other
$112,449
$150,230
+34%
Total Expenses
$986,329
$1,114,504
+13%
Net income
2023
2024
Change
Net income
-$155,691
-$478,164
-207%
Functional Expenses
Summary
2023
2024
Change
Program
$790,713
$884,610
+12%
Admin
$99,715
$128,245
+29%
Fundraising
$95,901
$101,649
+6%
Total Expenses
$986,329
$1,114,504
+13%
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