THE LOVETT SCHOOL INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$122,258,879
Program Services
48%
Contributions
44%
Investments
4%
Other
2%
Fundraising Events
<1%
Membership Dues
<1%
Government Grants
0%
Expenses in 2024
$71,947,243
Salaries & Benefits
62%
Other
13%
Depreciation
8%
Grants
7%
Offices, Occupancy & IT
5%
Fees to Service Providers
3%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,060,690
$54,181,279
+667%
Government Grants
$0
$0
-
Fundraising Events
$256,805
$346,561
+35%
Program Services
$57,792,074
$59,203,114
+2%
Membership Dues
$152,355
$161,321
+6%
Investments
$3,221,265
$5,462,638
+70%
Other
$130,385
$2,903,966
+2127%
Total Revenues
$68,613,574
$122,258,879
+78%
Expenses
2023
2024
Change
Grants
$4,830,670
$5,203,816
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$41,451,436
$44,329,581
+7%
Fees to Service Providers
$3,158,622
$2,171,371
-31%
Advertising & Promotion
$201,402
$230,434
+14%
Offices, Occupancy & IT
$4,637,784
$3,852,566
-17%
Interest
$791,024
$770,320
-3%
Depreciation
$5,636,106
$5,990,965
+6%
Other
$7,573,815
$9,398,190
+24%
Total Expenses
$68,280,859
$71,947,243
+5%
Net income
2023
2024
Change
Net income
+$332,715
+$50,311,636
+15022%
Functional Expenses
Summary
2023
2024
Change
Program
$55,089,887
$59,064,823
+7%
Admin
$9,700,437
$9,432,422
-3%
Fundraising
$3,490,535
$3,449,998
-1%
Total Expenses
$68,280,859
$71,947,243
+5%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)