FAITH AND POLITICS INSTITUTE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,825,541
Contributions
78%
Program Services
18%
Investments
4%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,540,946
Salaries & Benefits
34%
Other
31%
Fees to Service Providers
24%
Offices, Occupancy & IT
9%
Grants
2%
Depreciation
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$2,031,672
$2,199,204
+8%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$443,907
$516,881
+16%
Membership Dues
$0
$0
-
Investments
$84,233
$101,587
+21%
Other
$3,338
$7,869
+136%
Total Revenues
$2,563,150
$2,825,541
+10%
Expenses
2023
2024
Change
Grants
$38,370
$40,700
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$898,202
$866,852
-3%
Fees to Service Providers
$474,515
$622,418
+31%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$190,914
$222,977
+17%
Interest
$180
$135
-25%
Depreciation
$5,479
$8,496
+55%
Other
$819,676
$779,368
-5%
Total Expenses
$2,427,336
$2,540,946
+5%
Net income
2023
2024
Change
Net income
+$135,814
+$284,595
+110%
Functional Expenses
Summary
2023
2024
Change
Program
$1,956,061
$1,879,692
-4%
Admin
$320,561
$559,068
+74%
Fundraising
$150,714
$102,186
-32%
Total Expenses
$2,427,336
$2,540,946
+5%
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