GOSPELINK INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2020
$4,408,729
Contributions
96%
Government Grants
4%
Other
<1%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2020
$3,836,750
Grants
71%
Salaries & Benefits
22%
Other
4%
Offices, Occupancy & IT
2%
Fees to Service Providers
<1%
Depreciation
<1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2019
2020
Change
Contributions
$4,512,836
$4,218,218
-7%
Government Grants
$0
$156,500
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$6,672
$5,847
-12%
Other
$30,951
$28,164
-9%
Total Revenues
$4,550,459
$4,408,729
-3%
Expenses
2019
2020
Change
Grants
$3,158,213
$2,709,099
-14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$765,201
$851,408
+11%
Fees to Service Providers
$19,996
$20,685
+3%
Advertising & Promotion
$24,474
$516
-98%
Offices, Occupancy & IT
$108,960
$81,905
-25%
Interest
$0
$6,624
-
Depreciation
$10,637
$8,190
-23%
Other
$394,339
$158,323
-60%
Total Expenses
$4,481,820
$3,836,750
-14%
Net income
2019
2020
Change
Net income
+$68,639
+$571,979
+733%
Functional Expenses
Summary
2019
2020
Change
Program
$3,963,724
$3,307,605
-17%
Admin
$321,817
$324,392
+1%
Fundraising
$196,279
$204,753
+4%
Total Expenses
$4,481,820
$3,836,750
-14%
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