AFRICAN BIBLE COLLEGES INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$4,276,648
Contributions
97%
Investments
2%
Other
1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2025
$3,139,347
Other
58%
Salaries & Benefits
29%
Offices, Occupancy & IT
11%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$2,389,022
$4,136,218
+73%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$70,960
$94,941
+34%
Other
$245,976
$45,489
-82%
Total Revenues
$2,705,958
$4,276,648
+58%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,005,408
$922,157
-8%
Fees to Service Providers
$61,425
$57,128
-7%
Advertising & Promotion
$3,100
$8,209
+165%
Offices, Occupancy & IT
$186,681
$331,331
+77%
Interest
$10,159
$4,985
-51%
Depreciation
$10,588
$7,059
-33%
Other
$1,750,362
$1,808,478
+3%
Total Expenses
$3,027,723
$3,139,347
+4%
Net income
2024
2025
Change
Net income
-$321,765
+$1,137,301
-453%
Functional Expenses
Summary
2024
2025
Change
Program
$2,387,207
$2,404,245
+1%
Admin
$514,500
$609,158
+18%
Fundraising
$126,016
$125,944
0%
Total Expenses
$3,027,723
$3,139,347
+4%
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