Penny Lane Centers
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$70,526,520
Government Grants
94%
Other
3%
Investments
1%
Contributions
1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$64,675,311
Salaries & Benefits
68%
Other
14%
Grants
6%
Fees to Service Providers
6%
Offices, Occupancy & IT
4%
Depreciation
1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$708,026
$850,174
+20%
Government Grants
$51,454,309
$66,405,764
+29%
Fundraising Events
$0
$0
-
Program Services
$114,356
$44,310
-61%
Membership Dues
$0
$0
-
Investments
$364,553
$891,677
+145%
Other
$1,464,377
$2,334,595
+59%
Total Revenues
$54,105,621
$70,526,520
+30%
Expenses
2023
2024
Change
Grants
$4,606,258
$4,100,876
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$36,158,495
$44,278,965
+22%
Fees to Service Providers
$3,319,179
$3,703,992
+12%
Advertising & Promotion
$197,837
$205,726
+4%
Offices, Occupancy & IT
$3,132,786
$2,449,325
-22%
Interest
$195,542
$190,318
-3%
Depreciation
$922,264
$945,011
+2%
Other
$5,506,570
$8,801,098
+60%
Total Expenses
$54,038,931
$64,675,311
+20%
Net income
2023
2024
Change
Net income
+$66,690
+$5,851,209
+8674%
Functional Expenses
Summary
2023
2024
Change
Program
$47,552,165
$62,478,687
+31%
Admin
$5,816,208
$1,444,774
-75%
Fundraising
$670,558
$751,850
+12%
Total Expenses
$54,038,931
$64,675,311
+20%
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