KINGDOM CHANNELS INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$967,488
Cash & Equivalents
73%
Property, Plant, & Equipment (net)
20%
Other Assets
4%
Prepaid Expenses
2%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$122,722
Payables & Accruals
77%
Other Liabilities
23%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$775,885
$706,287
-9%
Receivables (Non-Related)
$8,500
$8,004
-6%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$14,800
$15,257
+3%
Investments
-
-
-
Property, Plant, & Equipment (net)
$178,387
$195,900
+10%
Other Assets
-
$42,040
-
Total Assets
$977,572
$967,488
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$40,706
$94,011
+131%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$28,711
-
Total Liabilities
$40,706
$122,722
+201%
Net assets
2023
2024
Change
Restricted Net Assets
$247,124
$236,385
-4%
Unrestricted Net Assets
$689,742
$608,381
-12%
Net assets
2023
2024
Change
Net assets
+$936,866
+$844,766
-10%
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