LIMA AREA CHAMBER FOUNDATION

LIMA AREA CHAMBER FOUNDATION

Lima, OH, US
501(c)3
EIN
34-1536300

LIMA AREA CHAMBER FOUNDATION

Lima, OH, US
501(c)3
EIN
34-1536300

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$715,651

Contributions
84%
Program Services
9%
Other
5%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$599,226

Other
85%
Salaries & Benefits
12%
Offices, Occupancy & IT
2%
Depreciation
<1%
Interest
<1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$431,895
$597,800
+38%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$41,327
$64,653
+56%
Membership Dues
$0
$0
-
Investments
$2,214
$14,746
+566%
Other
$28,687
$38,452
+34%
Total Revenues
$504,123
$715,651
+42%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$60,230
$68,990
+15%
Fees to Service Providers
$2,980
$1,173
-61%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$9,553
$13,284
+39%
Interest
$2,341
$2,055
-12%
Depreciation
$2,016
$2,359
+17%
Other
$375,284
$511,365
+36%
Total Expenses
$452,404
$599,226
+32%
Net income
2023
2024
Change
Net income
+$51,719
+$116,425
+125%
Functional Expenses
Summary
2023
2024
Change
Program
$444,078
$586,651
+32%
Admin
$8,326
$12,575
+51%
Fundraising
$0
$0
-
Total Expenses
$452,404
$599,226
+32%
Income Statement
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