FAITH IN THE VALLEY
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,450,000
Contributions
96%
Other
3%
Investments
<1%
Program Services
<1%
Membership Dues
<1%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$2,789,296
Salaries & Benefits
80%
Other
13%
Fees to Service Providers
6%
Offices, Occupancy & IT
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,726,460
$1,385,627
-20%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$7,384
-
Membership Dues
$1,100
$500
-55%
Investments
$11,675
$12,178
+4%
Other
$3,515
$44,311
+1161%
Total Revenues
$1,742,750
$1,450,000
-17%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,117,779
$2,233,135
+5%
Fees to Service Providers
$124,962
$167,803
+34%
Advertising & Promotion
$36,749
$0
-100%
Offices, Occupancy & IT
$24,560
$26,872
+9%
Interest
$2,323
$0
-100%
Depreciation
$0
$0
-
Other
$293,184
$361,486
+23%
Total Expenses
$2,599,557
$2,789,296
+7%
Net income
2023
2024
Change
Net income
-$856,807
-$1,339,296
-56%
Functional Expenses
Summary
2023
2024
Change
Program
$1,912,748
$2,001,886
+5%
Admin
$607,121
$645,418
+6%
Fundraising
$79,688
$141,992
+78%
Total Expenses
$2,599,557
$2,789,296
+7%
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