KENNETT LIBRARY
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,767,254
Contributions
85%
Government Grants
10%
Other
3%
Program Services
1%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$2,685,940
Salaries & Benefits
44%
Depreciation
20%
Other
12%
Fees to Service Providers
10%
Interest
9%
Offices, Occupancy & IT
4%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,648,677
$5,757,677
+117%
Government Grants
$741,469
$685,855
-8%
Fundraising Events
$0
$18,000
-
Program Services
$39,346
$90,709
+131%
Membership Dues
$0
$0
-
Investments
$41,431
$27,869
-33%
Other
$1,369,560
$187,144
-86%
Total Revenues
$4,840,483
$6,767,254
+40%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$988,806
$1,190,389
+20%
Fees to Service Providers
$81,471
$267,529
+228%
Advertising & Promotion
$561
$7,045
+1156%
Offices, Occupancy & IT
$109,897
$108,720
-1%
Interest
$0
$252,315
-
Depreciation
$233,939
$549,653
+135%
Other
$284,877
$310,289
+9%
Total Expenses
$1,699,551
$2,685,940
+58%
Net income
2023
2024
Change
Net income
+$3,140,932
+$4,081,314
+30%
Functional Expenses
Summary
2023
2024
Change
Program
$1,408,311
$1,905,106
+35%
Admin
$111,231
$412,768
+271%
Fundraising
$180,009
$368,066
+104%
Total Expenses
$1,699,551
$2,685,940
+58%
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