LOWELL SCHOOL
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$19,760,113
Program Services
89%
Investments
5%
Contributions
4%
Other
2%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$19,836,480
Salaries & Benefits
58%
Other
14%
Grants
14%
Depreciation
6%
Fees to Service Providers
5%
Interest
2%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$592,795
$803,075
+35%
Government Grants
$0
$0
-
Fundraising Events
$172,568
$160,424
-7%
Program Services
$16,477,617
$17,601,594
+7%
Membership Dues
$0
$0
-
Investments
$540,181
$889,945
+65%
Other
$74,480
$305,075
+310%
Total Revenues
$17,857,641
$19,760,113
+11%
Expenses
2023
2024
Change
Grants
$2,677,027
$2,740,224
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,888,833
$11,574,837
+6%
Fees to Service Providers
$783,171
$968,721
+24%
Advertising & Promotion
$33,631
$121,951
+263%
Offices, Occupancy & IT
$656,633
$135,564
-79%
Interest
$378,027
$371,664
-2%
Depreciation
$1,135,734
$1,173,243
+3%
Other
$2,146,172
$2,750,276
+28%
Total Expenses
$18,699,228
$19,836,480
+6%
Net income
2023
2024
Change
Net income
-$841,587
-$76,367
+91%
Functional Expenses
Summary
2023
2024
Change
Program
$15,231,695
$16,037,559
+5%
Admin
$3,106,014
$3,413,399
+10%
Fundraising
$361,519
$385,522
+7%
Total Expenses
$18,699,228
$19,836,480
+6%
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