The Timothy Initiative
Comparative Financial Data
Raleigh, NC
Founded: 2009
Current Status: Member
Member Since: June 26, 2013
ECFA Accredited Member
Comparative Financial Data
  12/31/22 12/31/23 09/30/24
Revenue      
   Cash Donations $17,856,243 $21,075,185 $13,782,321
   Noncash Donations $695,016 $681,002 $187,592
   Other Revenue $3,577 $1,454,536 $1,752,762
   Total Revenue $18,554,836 $23,210,723 $15,722,675
Expenses      
   Program $15,208,832 $18,823,165 $17,061,592
   Administrative $801,336 $1,218,583 $879,050
   Fundraising $1,710,472 $2,247,724 $1,203,952
   Other $0 $0 $0
   Total Expenses $17,720,640 $22,289,472 $19,144,594
Excess (or Deficit)
      for the Year
$834,196 $921,251 $-3,421,919
Other $0 $0 $0
Total Change
   in Net Assets
$834,196 $921,251 $-3,421,919
Total Assets $26,997,979 $28,387,864 $24,399,028
Total Liabilities $596,619 $1,065,253 $498,336
Net Assets $26,401,360 $27,322,611 $23,900,692

Per the organization's financial statements