SALEM INTERFAITH HOSPITALITY NETWORK
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$815,764
Contributions
49%
Government Grants
45%
Program Services
4%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$912,190
Other
47%
Salaries & Benefits
33%
Offices, Occupancy & IT
8%
Fees to Service Providers
8%
Depreciation
3%
Interest
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$286,136
$401,495
+40%
Government Grants
$247,931
$365,493
+47%
Fundraising Events
$0
$0
-
Program Services
$0
$36,104
-
Membership Dues
$0
$0
-
Investments
$10,802
$12,672
+17%
Other
$864
$0
-100%
Total Revenues
$545,733
$815,764
+49%
Expenses
2023
2024
Change
Grants
$149,852
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$282,806
$304,154
+8%
Fees to Service Providers
$25,272
$68,658
+172%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$58,717
$70,096
+19%
Interest
$0
$15,693
-
Depreciation
$20,245
$24,145
+19%
Other
$35,815
$429,444
+1099%
Total Expenses
$572,707
$912,190
+59%
Net income
2023
2024
Change
Net income
-$26,974
-$96,426
-257%
Functional Expenses
Summary
2023
2024
Change
Program
$471,988
$844,182
+79%
Admin
$68,091
$37,470
-45%
Fundraising
$32,628
$30,538
-6%
Total Expenses
$572,707
$912,190
+59%
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