NEW YORK MEDICAL COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$123,829,598
Program Services
90%
Other
7%
Investments
2%
Contributions
1%
Fundraising Events
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$122,521,296
Salaries & Benefits
59%
Offices, Occupancy & IT
10%
Other
9%
Depreciation
8%
Grants
8%
Fees to Service Providers
5%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,219,500
$1,484,073
-72%
Government Grants
$351,172
$247,813
-29%
Fundraising Events
$358,665
$489,595
+37%
Program Services
$104,132,371
$110,914,685
+7%
Membership Dues
$0
$0
-
Investments
$2,590,362
$2,436,060
-6%
Other
$5,233,074
$8,257,372
+58%
Total Revenues
$117,885,144
$123,829,598
+5%
Expenses
2023
2024
Change
Grants
$8,605,008
$10,110,728
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$72,993,030
$72,583,744
-1%
Fees to Service Providers
$4,261,383
$5,630,006
+32%
Advertising & Promotion
$141,984
$153,156
+8%
Offices, Occupancy & IT
$12,445,548
$12,388,717
0%
Interest
$819,067
$914,072
+12%
Depreciation
$10,100,108
$10,231,382
+1%
Other
$11,938,363
$10,509,491
-12%
Total Expenses
$121,304,491
$122,521,296
+1%
Net income
2023
2024
Change
Net income
-$3,419,347
+$1,308,302
-138%
Functional Expenses
Summary
2023
2024
Change
Program
$88,844,788
$94,175,016
+6%
Admin
$30,238,733
$26,312,737
-13%
Fundraising
$2,220,970
$2,033,543
-8%
Total Expenses
$121,304,491
$122,521,296
+1%
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