HOPEFUL HORIZONS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,481,065
Government Grants
63%
Contributions
29%
Other
5%
Investments
4%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$4,065,359
Salaries & Benefits
69%
Other
21%
Offices, Occupancy & IT
5%
Fees to Service Providers
2%
Depreciation
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,355,032
$1,284,875
-5%
Government Grants
$2,637,371
$2,804,369
+6%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$97,883
$157,130
+61%
Other
$283,670
$234,691
-17%
Total Revenues
$4,373,956
$4,481,065
+2%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,820,074
$2,809,679
0%
Fees to Service Providers
$15,000
$94,037
+527%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$107,403
$205,598
+91%
Interest
$0
$0
-
Depreciation
$75,056
$92,399
+23%
Other
$955,496
$863,646
-10%
Total Expenses
$3,973,029
$4,065,359
+2%
Net income
2023
2024
Change
Net income
+$400,927
+$415,706
+4%
Functional Expenses
Summary
2023
2024
Change
Program
$3,492,995
$3,565,274
+2%
Admin
$330,879
$335,181
+1%
Fundraising
$149,155
$164,904
+11%
Total Expenses
$3,973,029
$4,065,359
+2%
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