NEW HORIZONS MINISTRIES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,579,147
Contributions
51%
Program Services
41%
Fundraising Events
4%
Investments
3%
Other
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$2,877,983
Salaries & Benefits
61%
Grants
20%
Offices, Occupancy & IT
6%
Fees to Service Providers
5%
Other
5%
Depreciation
3%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,770,602
$1,817,716
+3%
Government Grants
$0
$0
-
Fundraising Events
$96,133
$152,029
+58%
Program Services
$1,258,239
$1,483,384
+18%
Membership Dues
$0
$0
-
Investments
$13,515
$122,449
+806%
Other
$5,802
$3,569
-38%
Total Revenues
$3,144,291
$3,579,147
+14%
Expenses
2023
2024
Change
Grants
$514,270
$577,379
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,653,373
$1,745,147
+6%
Fees to Service Providers
$164,295
$136,611
-17%
Advertising & Promotion
$4,492
$3,099
-31%
Offices, Occupancy & IT
$211,801
$177,111
-16%
Interest
$7,724
$10,456
+35%
Depreciation
$89,920
$98,618
+10%
Other
$100,441
$129,562
+29%
Total Expenses
$2,746,316
$2,877,983
+5%
Net income
2023
2024
Change
Net income
+$397,975
+$701,164
+76%
Functional Expenses
Summary
2023
2024
Change
Program
$1,960,319
$2,180,711
+11%
Admin
$396,460
$362,498
-9%
Fundraising
$389,537
$334,774
-14%
Total Expenses
$2,746,316
$2,877,983
+5%
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