Income Statement

Fiscal Year Start:
Oct 1
Revenues in 2024
$2,475,879,129
Government Grants
>99%
Membership Dues
<1%
Investments
<1%
Program Services
<1%
Other
<1%
Contributions
0%
Fundraising Events
0%
Expenses in 2024
$2,400,902,975
Salaries & Benefits
80%
Fees to Service Providers
7%
Other
6%
Offices, Occupancy & IT
5%
Depreciation
3%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$2,354,247,526
$2,457,831,459
+4%
Fundraising Events
$0
$0
-
Program Services
$1,681,428
$2,311,152
+37%
Membership Dues
$11,791,162
$9,583,818
-19%
Investments
$5,380,523
$5,772,248
+7%
Other
-$303,269
$380,452
-225%
Total Revenues
$2,372,797,370
$2,475,879,129
+4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,872,879,444
$1,915,684,416
+2%
Fees to Service Providers
$150,680,016
$156,684,465
+4%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$109,496,163
$123,387,332
+13%
Interest
$6,702,833
$2,843,084
-58%
Depreciation
$56,458,080
$65,260,981
+16%
Other
$122,465,439
$137,042,697
+12%
Total Expenses
$2,318,681,975
$2,400,902,975
+4%
Net income
2023
2024
Change
Net income
+$54,115,395
+$74,976,154
+39%
Functional Expenses
Summary
2023
2024
Change
Program
$2,070,203,476
$2,144,916,911
+4%
Admin
$248,478,499
$255,986,064
+3%
Fundraising
$0
$0
-
Total Expenses
$2,318,681,975
$2,400,902,975
+4%