MASSACHUSETTS EYE & EAR INFIRMARY
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2018
$299,721,576
Program Services
81%
Other
10%
Government Grants
6%
Contributions
3%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2018
$292,087,720
Salaries & Benefits
41%
Other
34%
Depreciation
8%
Offices, Occupancy & IT
7%
Grants
7%
Fees to Service Providers
2%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2017
2018
Change
Contributions
$9,373,279
$7,683,701
-18%
Government Grants
$16,279,348
$18,617,830
+14%
Fundraising Events
$0
$0
-
Program Services
$226,533,383
$243,229,424
+7%
Membership Dues
$0
$0
-
Investments
$46,982
$147,863
+215%
Other
$26,705,753
$30,042,758
+12%
Total Revenues
$278,938,745
$299,721,576
+7%
Expenses
2017
2018
Change
Grants
$18,435,862
$19,510,604
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$117,831,741
$118,670,627
+1%
Fees to Service Providers
$5,958,035
$6,285,116
+5%
Advertising & Promotion
$1,003,222
$699,382
-30%
Offices, Occupancy & IT
$18,047,541
$19,868,774
+10%
Interest
$3,775,756
$4,611,340
+22%
Depreciation
$21,960,803
$22,280,756
+1%
Other
$89,085,448
$100,161,121
+12%
Total Expenses
$276,098,408
$292,087,720
+6%
Net income
2017
2018
Change
Net income
+$2,840,337
+$7,633,856
+169%
Functional Expenses
Summary
2017
2018
Change
Program
$210,237,797
$222,190,714
+6%
Admin
$63,445,999
$67,173,037
+6%
Fundraising
$2,414,612
$2,723,969
+13%
Total Expenses
$276,098,408
$292,087,720
+6%
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