THE LOWELL GENERAL HOSPITAL
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$605,254,918
Program Services
93%
Other
4%
Government Grants
2%
Investments
<1%
Fundraising Events
<1%
Contributions
<1%
Membership Dues
0%
Expenses in 2024
$626,839,501
Salaries & Benefits
48%
Offices, Occupancy & IT
28%
Fees to Service Providers
10%
Other
8%
Depreciation
4%
Interest
2%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$647,680
$50,319
-92%
Government Grants
$54,602,348
$14,794,457
-73%
Fundraising Events
$1,329,832
$1,473,949
+11%
Program Services
$522,242,458
$560,961,261
+7%
Membership Dues
$0
$0
-
Investments
$255,794
$1,606,684
+528%
Other
$78,044,335
$26,368,248
-66%
Total Revenues
$657,122,447
$605,254,918
-8%
Expenses
2023
2024
Change
Grants
$187,967
$78,924
-58%
Benefits to Members
$0
$0
-
Salaries & Benefits
$296,518,278
$299,728,121
+1%
Fees to Service Providers
$62,598,018
$63,124,516
+1%
Advertising & Promotion
$17,150
$25,135
+47%
Offices, Occupancy & IT
$161,288,855
$178,391,456
+11%
Interest
$9,633,820
$10,401,152
+8%
Depreciation
$26,091,542
$23,249,268
-11%
Other
$33,973,717
$51,840,929
+53%
Total Expenses
$590,309,347
$626,839,501
+6%
Net income
2023
2024
Change
Net income
+$66,813,100
-$21,584,583
-132%
Functional Expenses
Summary
2023
2024
Change
Program
$470,407,937
$519,139,571
+10%
Admin
$119,082,492
$106,927,879
-10%
Fundraising
$818,918
$772,051
-6%
Total Expenses
$590,309,347
$626,839,501
+6%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)