GOSPEL INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,604,489
Contributions
82%
Government Grants
6%
Program Services
4%
Other
4%
Fundraising Events
3%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$1,048,721
Salaries & Benefits
58%
Offices, Occupancy & IT
21%
Other
16%
Fees to Service Providers
3%
Advertising & Promotion
2%
Grants
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$415,658
$2,967,062
+614%
Government Grants
$214,794
$217,518
+1%
Fundraising Events
$282,050
$97,380
-65%
Program Services
$129,271
$148,420
+15%
Membership Dues
$0
$0
-
Investments
$25,645
$30,669
+20%
Other
-$29,961
$143,440
-579%
Total Revenues
$1,037,457
$3,604,489
+247%
Expenses
2023
2024
Change
Grants
$25,228
$5,650
-78%
Benefits to Members
$0
$0
-
Salaries & Benefits
$514,674
$608,100
+18%
Fees to Service Providers
$28,745
$32,019
+11%
Advertising & Promotion
$27,195
$22,038
-19%
Offices, Occupancy & IT
$163,752
$217,531
+33%
Interest
$0
$0
-
Depreciation
$62,751
$0
-100%
Other
$43,441
$163,383
+276%
Total Expenses
$865,786
$1,048,721
+21%
Net income
2023
2024
Change
Net income
+$171,671
+$2,555,768
+1389%
Functional Expenses
Summary
2023
2024
Change
Program
$713,409
$671,829
-6%
Admin
$112,874
$179,760
+59%
Fundraising
$39,503
$197,132
+399%
Total Expenses
$865,786
$1,048,721
+21%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)