LOWELL COMMUNITY LOAN FUND INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,745,373
Contributions
61%
Program Services
17%
Government Grants
14%
Other
4%
Investments
4%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,899,985
Fees to Service Providers
33%
Salaries & Benefits
32%
Other
16%
Grants
10%
Offices, Occupancy & IT
6%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$4,689,344
$4,142,129
-12%
Government Grants
$1,000,000
$938,253
-6%
Fundraising Events
$0
$0
-
Program Services
$784,609
$1,135,908
+45%
Membership Dues
$0
$0
-
Investments
$100,109
$237,048
+137%
Other
$0
$292,035
-
Total Revenues
$6,574,062
$6,745,373
+3%
Expenses
2023
2024
Change
Grants
$329,500
$584,650
+77%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,603,272
$1,865,571
+16%
Fees to Service Providers
$1,891,383
$1,949,038
+3%
Advertising & Promotion
$85,337
$23,764
-72%
Offices, Occupancy & IT
$339,087
$343,744
+1%
Interest
$153,515
$195,504
+27%
Depreciation
$671
$0
-100%
Other
$1,250,038
$937,714
-25%
Total Expenses
$5,652,803
$5,899,985
+4%
Net income
2023
2024
Change
Net income
+$921,259
+$845,388
-8%
Functional Expenses
Summary
2023
2024
Change
Program
$4,647,410
$4,463,396
-4%
Admin
$1,005,393
$1,436,589
+43%
Fundraising
$0
$0
-
Total Expenses
$5,652,803
$5,899,985
+4%
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