The Public Library of New London
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$1,678,410
Government Grants
71%
Contributions
22%
Investments
6%
Program Services
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$1,279,235
Salaries & Benefits
65%
Other
17%
Offices, Occupancy & IT
9%
Depreciation
7%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$139,505
$370,017
+165%
Government Grants
$1,139,430
$1,193,914
+5%
Fundraising Events
$0
$0
-
Program Services
$8,973
$10,283
+15%
Membership Dues
$0
$0
-
Investments
$72,740
$101,722
+40%
Other
$33,929
$2,474
-93%
Total Revenues
$1,394,577
$1,678,410
+20%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$811,662
$833,952
+3%
Fees to Service Providers
$8,312
$9,933
+20%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$111,461
$119,064
+7%
Interest
$0
$0
-
Depreciation
$95,555
$94,700
-1%
Other
$230,317
$221,586
-4%
Total Expenses
$1,257,307
$1,279,235
+2%
Net income
2024
2025
Change
Net income
+$137,270
+$399,175
+191%
Functional Expenses
Summary
2024
2025
Change
Program
$1,008,744
$1,022,416
+1%
Admin
$235,717
$243,374
+3%
Fundraising
$12,846
$13,445
+5%
Total Expenses
$1,257,307
$1,279,235
+2%
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