FREE LIBRARY OF PHILADELPHIA FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$11,696,527
Contributions
51%
Government Grants
32%
Investments
9%
Other
5%
Program Services
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$14,105,423
Fees to Service Providers
42%
Salaries & Benefits
37%
Other
14%
Offices, Occupancy & IT
4%
Advertising & Promotion
2%
Interest
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$12,474,693
$5,985,564
-52%
Government Grants
$704,488
$3,764,441
+434%
Fundraising Events
$95,135
$0
-100%
Program Services
$603,764
$299,654
-50%
Membership Dues
$0
$0
-
Investments
$791,940
$1,006,119
+27%
Other
$360,703
$640,749
+78%
Total Revenues
$15,030,723
$11,696,527
-22%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,744,515
$5,172,953
-10%
Fees to Service Providers
$2,059,187
$5,973,264
+190%
Advertising & Promotion
$620,500
$297,539
-52%
Offices, Occupancy & IT
$506,870
$615,602
+21%
Interest
$112,093
$39,564
-65%
Depreciation
$2,521
$3,466
+37%
Other
$2,070,374
$2,003,035
-3%
Total Expenses
$11,116,060
$14,105,423
+27%
Net income
2023
2024
Change
Net income
+$3,914,663
-$2,408,896
-162%
Functional Expenses
Summary
2023
2024
Change
Program
$6,760,935
$10,162,329
+50%
Admin
$1,326,848
$1,898,985
+43%
Fundraising
$3,028,277
$2,044,109
-32%
Total Expenses
$11,116,060
$14,105,423
+27%
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