MOHAWK VALLEY LIBRARY SYSTEM
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,978,377
Government Grants
76%
Other
17%
Investments
4%
Contributions
3%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,573,711
Salaries & Benefits
45%
Other
31%
Grants
23%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$47,710
$62,497
+31%
Government Grants
$987,167
$1,505,854
+53%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$11,553
$71,589
+520%
Other
$446,012
$338,437
-24%
Total Revenues
$1,492,442
$1,978,377
+33%
Expenses
2023
2024
Change
Grants
$202,494
$366,666
+81%
Benefits to Members
$0
$0
-
Salaries & Benefits
$623,553
$705,337
+13%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$21,455
$12,003
-44%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$863,740
$489,705
-43%
Total Expenses
$1,711,242
$1,573,711
-8%
Net income
2023
2024
Change
Net income
-$218,800
+$404,666
-285%
Functional Expenses
Summary
2023
2024
Change
Program
$1,536,175
$1,378,847
-10%
Admin
$175,067
$194,864
+11%
Fundraising
$0
$0
-
Total Expenses
$1,711,242
$1,573,711
-8%
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