Sowing Seeds with Faith Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$830,172
Contributions
90%
Program Services
10%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$928,488
Other
46%
Fees to Service Providers
32%
Salaries & Benefits
16%
Grants
4%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$739,649
$750,618
+1%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$36,373
$79,554
+119%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$776,022
$830,172
+7%
Expenses
2023
2024
Change
Grants
$27,715
$41,681
+50%
Benefits to Members
$0
$0
-
Salaries & Benefits
$132,023
$147,868
+12%
Fees to Service Providers
$325,731
$295,672
-9%
Advertising & Promotion
$135
$284
+110%
Offices, Occupancy & IT
$13,106
$17,532
+34%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$239,368
$425,451
+78%
Total Expenses
$738,078
$928,488
+26%
Net income
2023
2024
Change
Net income
+$37,944
-$98,316
-359%
Functional Expenses
Summary
2023
2024
Change
Program
$558,972
$684,435
+22%
Admin
$178,114
$243,267
+37%
Fundraising
$962
$786
-18%
Total Expenses
$738,078
$928,488
+26%
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