Hope International University
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$28,070,780
Program Services
94%
Contributions
3%
Investments
1%
Government Grants
<1%
Fundraising Events
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$31,839,371
Salaries & Benefits
42%
Grants
26%
Other
12%
Fees to Service Providers
8%
Offices, Occupancy & IT
7%
Depreciation
4%
Advertising & Promotion
2%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,240,510
$870,865
-30%
Government Grants
$3,509,482
$205,727
-94%
Fundraising Events
$142,640
$130,521
-8%
Program Services
$26,820,714
$26,420,796
-1%
Membership Dues
$0
$0
-
Investments
$325,896
$357,071
+10%
Other
-$117,752
$85,800
-173%
Total Revenues
$31,921,490
$28,070,780
-12%
Expenses
2023
2024
Change
Grants
$9,310,500
$8,287,950
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,090,389
$13,265,217
+1%
Fees to Service Providers
$2,272,938
$2,489,891
+10%
Advertising & Promotion
$586,222
$529,353
-10%
Offices, Occupancy & IT
$1,998,434
$2,312,864
+16%
Interest
$0
$0
-
Depreciation
$1,184,719
$1,152,592
-3%
Other
$3,844,389
$3,801,504
-1%
Total Expenses
$32,287,591
$31,839,371
-1%
Net income
2023
2024
Change
Net income
-$366,101
-$3,768,591
-929%
Functional Expenses
Summary
2023
2024
Change
Program
$26,913,723
$26,298,356
-2%
Admin
$4,832,403
$5,008,318
+4%
Fundraising
$541,465
$532,697
-2%
Total Expenses
$32,287,591
$31,839,371
-1%
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