PRATT INSTITUTE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$398,081,898
Program Services
79%
Other
15%
Contributions
3%
Investments
2%
Government Grants
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$335,539,448
Salaries & Benefits
50%
Grants
25%
Offices, Occupancy & IT
11%
Depreciation
6%
Other
6%
Interest
1%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,372,025
$10,171,691
+89%
Government Grants
$7,195,467
$4,038,091
-44%
Fundraising Events
$482,521
$470,172
-3%
Program Services
$312,458,739
$313,117,665
+0%
Membership Dues
$0
$0
-
Investments
$7,632,038
$9,774,448
+28%
Other
$4,544,228
$60,509,831
+1232%
Total Revenues
$337,685,018
$398,081,898
+18%
Expenses
2023
2024
Change
Grants
$84,087,058
$82,677,299
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$159,042,267
$168,412,214
+6%
Fees to Service Providers
$2,207,023
$3,452,976
+56%
Advertising & Promotion
$768,071
$890,060
+16%
Offices, Occupancy & IT
$37,887,350
$38,095,005
+1%
Interest
$4,528,043
$4,137,934
-9%
Depreciation
$15,331,184
$19,278,475
+26%
Other
$18,717,280
$18,595,485
-1%
Total Expenses
$322,568,276
$335,539,448
+4%
Net income
2023
2024
Change
Net income
+$15,116,742
+$62,542,450
+314%
Functional Expenses
Summary
2023
2024
Change
Program
$275,643,352
$284,931,486
+3%
Admin
$42,642,224
$46,951,568
+10%
Fundraising
$4,282,700
$3,656,394
-15%
Total Expenses
$322,568,276
$335,539,448
+4%
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