CHALLENGE PROGRAM INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,403,309
Contributions
36%
Government Grants
32%
Program Services
29%
Other
3%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,841,148
Salaries & Benefits
62%
Other
20%
Offices, Occupancy & IT
7%
Depreciation
6%
Fees to Service Providers
3%
Interest
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,025,867
$868,368
-57%
Government Grants
$511,113
$770,013
+51%
Fundraising Events
$0
$0
-
Program Services
$511,814
$697,755
+36%
Membership Dues
$0
$0
-
Investments
$4
$16
+300%
Other
$51
$67,157
+131580%
Total Revenues
$3,048,849
$2,403,309
-21%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,061,470
$1,143,589
+8%
Fees to Service Providers
$71,467
$54,354
-24%
Advertising & Promotion
$6,186
$11,470
+85%
Offices, Occupancy & IT
$127,385
$121,451
-5%
Interest
$22,432
$41,191
+84%
Depreciation
$108,413
$105,908
-2%
Other
$539,428
$363,185
-33%
Total Expenses
$1,936,781
$1,841,148
-5%
Net income
2023
2024
Change
Net income
+$1,112,068
+$562,161
-49%
Functional Expenses
Summary
2023
2024
Change
Program
$1,764,105
$1,617,119
-8%
Admin
$170,858
$141,439
-17%
Fundraising
$1,818
$82,590
+4443%
Total Expenses
$1,936,781
$1,841,148
-5%
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