Blue Letter Bible
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,119,787
Contributions
97%
Investments
2%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,999,291
Salaries & Benefits
66%
Offices, Occupancy & IT
11%
Other
9%
Fees to Service Providers
9%
Advertising & Promotion
5%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,910,498
$3,997,086
+2%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$43,527
$94,647
+117%
Other
$28,400
$28,054
-1%
Total Revenues
$3,982,425
$4,119,787
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,361,377
$2,628,160
+11%
Fees to Service Providers
$305,954
$349,430
+14%
Advertising & Promotion
$0
$189,610
-
Offices, Occupancy & IT
$554,784
$448,962
-19%
Interest
$0
$0
-
Depreciation
$16,099
$26,166
+63%
Other
$392,301
$356,963
-9%
Total Expenses
$3,630,515
$3,999,291
+10%
Net income
2023
2024
Change
Net income
+$351,910
+$120,496
-66%
Functional Expenses
Summary
2023
2024
Change
Program
$2,925,574
$3,222,170
+10%
Admin
$68,942
$76,615
+11%
Fundraising
$635,999
$700,506
+10%
Total Expenses
$3,630,515
$3,999,291
+10%
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