BALTIMORE COMMUNITY LENDING INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,394,581
Government Grants
59%
Program Services
33%
Contributions
5%
Investments
3%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,248,201
Salaries & Benefits
42%
Other
31%
Interest
11%
Fees to Service Providers
7%
Offices, Occupancy & IT
5%
Depreciation
2%
Grants
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,182,396
$290,121
-87%
Government Grants
$208,140
$3,790,111
+1721%
Fundraising Events
$0
$0
-
Program Services
$2,392,998
$2,133,184
-11%
Membership Dues
$0
$0
-
Investments
$81,849
$178,351
+118%
Other
$0
$2,814
-
Total Revenues
$4,865,383
$6,394,581
+31%
Expenses
2023
2024
Change
Grants
$546,150
$69,750
-87%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,887,218
$2,206,153
+17%
Fees to Service Providers
$233,729
$391,930
+68%
Advertising & Promotion
$116,073
$46,018
-60%
Offices, Occupancy & IT
$270,344
$269,289
0%
Interest
$469,262
$552,472
+18%
Depreciation
$52,009
$84,740
+63%
Other
$400,770
$1,627,849
+306%
Total Expenses
$3,975,555
$5,248,201
+32%
Net income
2023
2024
Change
Net income
+$889,828
+$1,146,380
+29%
Functional Expenses
Summary
2023
2024
Change
Program
$3,185,350
$4,291,305
+35%
Admin
$599,980
$735,328
+23%
Fundraising
$190,225
$221,568
+16%
Total Expenses
$3,975,555
$5,248,201
+32%
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