THE LOWELL FESTIVAL FOUNDATION
Income Statement
Fiscal Year Start:
May 1
Revenues in 2024
$1,824,172
Program Services
67%
Contributions
28%
Other
4%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,949,382
Other
83%
Salaries & Benefits
12%
Fees to Service Providers
4%
Offices, Occupancy & IT
1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$586,324
$516,164
-12%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$941,145
$1,224,280
+30%
Membership Dues
$0
$0
-
Investments
$428
$2,582
+503%
Other
$1,690
$81,146
+4702%
Total Revenues
$1,529,587
$1,824,172
+19%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$237,897
$234,813
-1%
Fees to Service Providers
$81,578
$83,854
+3%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$20,448
$21,392
+5%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$1,213,043
$1,609,323
+33%
Total Expenses
$1,552,966
$1,949,382
+26%
Net income
2023
2024
Change
Net income
-$23,379
-$125,210
-436%
Functional Expenses
Summary
2023
2024
Change
Program
$1,445,089
$1,727,746
+20%
Admin
$97,678
$168,138
+72%
Fundraising
$10,199
$53,498
+425%
Total Expenses
$1,552,966
$1,949,382
+26%
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