PENNSYLVANIA CDFI NETWORK
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$18,368,769
Government Grants
96%
Contributions
2%
Investments
<1%
Membership Dues
<1%
Fundraising Events
0%
Program Services
0%
Other
0%
Expenses in 2024
$17,800,737
Grants
93%
Fees to Service Providers
4%
Salaries & Benefits
2%
Other
<1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$167,846
$439,000
+162%
Government Grants
$16,925,397
$17,669,141
+4%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$104,000
$97,000
-7%
Investments
$215,381
$163,628
-24%
Other
$0
$0
-
Total Revenues
$17,412,624
$18,368,769
+5%
Expenses
2023
2024
Change
Grants
$14,441,018
$16,626,469
+15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$273,692
$407,221
+49%
Fees to Service Providers
$2,582,699
$698,280
-73%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$646
$31,275
+4741%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$38,077
$37,492
-2%
Total Expenses
$17,336,132
$17,800,737
+3%
Net income
2023
2024
Change
Net income
+$76,492
+$568,032
+643%
Functional Expenses
Summary
2023
2024
Change
Program
$16,930,341
$17,445,252
+3%
Admin
$405,791
$355,485
-12%
Fundraising
$0
$0
-
Total Expenses
$17,336,132
$17,800,737
+3%
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