HOPESOURCE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$18,174,664
Government Grants
71%
Contributions
16%
Program Services
11%
Other
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$17,511,596
Salaries & Benefits
42%
Grants
28%
Fees to Service Providers
9%
Other
7%
Depreciation
6%
Offices, Occupancy & IT
6%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$958,143
$2,990,355
+212%
Government Grants
$18,516,777
$12,905,188
-30%
Fundraising Events
$0
$0
-
Program Services
$944,696
$1,960,932
+108%
Membership Dues
$0
$0
-
Investments
$12,025
$16,950
+41%
Other
$205,416
$301,239
+47%
Total Revenues
$20,637,057
$18,174,664
-12%
Expenses
2023
2024
Change
Grants
$6,848,922
$4,960,459
-28%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,156,872
$7,389,346
+3%
Fees to Service Providers
$1,668,322
$1,536,664
-8%
Advertising & Promotion
$20,135
$1,324
-93%
Offices, Occupancy & IT
$1,037,048
$989,494
-5%
Interest
$368,662
$310,372
-16%
Depreciation
$908,933
$1,051,293
+16%
Other
$1,545,935
$1,272,644
-18%
Total Expenses
$19,554,829
$17,511,596
-10%
Net income
2023
2024
Change
Net income
+$1,082,228
+$663,068
-39%
Functional Expenses
Summary
2023
2024
Change
Program
$17,882,789
$16,123,773
-10%
Admin
$1,561,179
$1,269,714
-19%
Fundraising
$110,861
$118,109
+7%
Total Expenses
$19,554,829
$17,511,596
-10%
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