STEPS TO HOPE INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,263,029
Contributions
78%
Government Grants
8%
Other
5%
Fundraising Events
5%
Investments
4%
Program Services
<1%
Membership Dues
0%
Expenses in 2024
$2,147,656
Salaries & Benefits
68%
Other
14%
Offices, Occupancy & IT
11%
Depreciation
4%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,045,953
$2,552,198
+25%
Government Grants
$547,336
$253,107
-54%
Fundraising Events
$30,000
$152,135
+407%
Program Services
$1,985
$2,370
+19%
Membership Dues
$0
$0
-
Investments
$60,039
$126,341
+110%
Other
$246,894
$176,878
-28%
Total Revenues
$2,932,207
$3,263,029
+11%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,298,739
$1,462,380
+13%
Fees to Service Providers
$63,783
$44,894
-30%
Advertising & Promotion
$8,300
$19,102
+130%
Offices, Occupancy & IT
$181,909
$233,208
+28%
Interest
$0
$0
-
Depreciation
$87,748
$90,236
+3%
Other
$293,675
$297,836
+1%
Total Expenses
$1,934,154
$2,147,656
+11%
Net income
2023
2024
Change
Net income
+$998,053
+$1,115,373
+12%
Functional Expenses
Summary
2023
2024
Change
Program
$1,662,500
$1,839,481
+11%
Admin
$249,928
$272,445
+9%
Fundraising
$21,726
$35,730
+64%
Total Expenses
$1,934,154
$2,147,656
+11%
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