HEARTS OF HOPE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,291,619
Government Grants
81%
Program Services
10%
Contributions
7%
Other
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,386,666
Salaries & Benefits
73%
Other
14%
Offices, Occupancy & IT
7%
Fees to Service Providers
4%
Depreciation
2%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$119,614
$96,414
-19%
Government Grants
$984,192
$1,040,560
+6%
Fundraising Events
$0
$0
-
Program Services
$116,800
$123,788
+6%
Membership Dues
$0
$0
-
Investments
$3,890
$2,646
-32%
Other
$12,758
$28,211
+121%
Total Revenues
$1,237,254
$1,291,619
+4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$828,865
$1,007,642
+22%
Fees to Service Providers
$88,393
$57,587
-35%
Advertising & Promotion
$7,005
$2,027
-71%
Offices, Occupancy & IT
$124,074
$100,939
-19%
Interest
$2,284
$856
-63%
Depreciation
$26,456
$26,720
+1%
Other
$183,845
$190,895
+4%
Total Expenses
$1,260,922
$1,386,666
+10%
Net income
2023
2024
Change
Net income
-$23,668
-$95,047
-302%
Functional Expenses
Summary
2023
2024
Change
Program
$974,579
$1,222,514
+25%
Admin
$270,733
$158,936
-41%
Fundraising
$15,610
$5,216
-67%
Total Expenses
$1,260,922
$1,386,666
+10%
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