THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$136,701,086
Other
51%
Program Services
43%
Investments
4%
Contributions
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$152,496,058
Salaries & Benefits
47%
Other
21%
Offices, Occupancy & IT
19%
Fees to Service Providers
5%
Depreciation
4%
Advertising & Promotion
2%
Grants
2%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,500,120
$1,985,222
+32%
Government Grants
$13,828
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$54,806,212
$58,592,809
+7%
Membership Dues
$0
$0
-
Investments
$3,071,413
$5,826,097
+90%
Other
$101,075,065
$70,296,958
-30%
Total Revenues
$160,466,638
$136,701,086
-15%
Expenses
2023
2024
Change
Grants
$1,286,500
$2,467,295
+92%
Benefits to Members
$0
$0
-
Salaries & Benefits
$64,330,846
$72,292,589
+12%
Fees to Service Providers
$9,762,469
$7,265,590
-26%
Advertising & Promotion
$2,464,681
$2,874,015
+17%
Offices, Occupancy & IT
$12,927,707
$28,581,158
+121%
Interest
$155,649
$0
-100%
Depreciation
$3,871,790
$6,430,107
+66%
Other
$35,299,855
$32,585,304
-8%
Total Expenses
$130,099,497
$152,496,058
+17%
Net income
2023
2024
Change
Net income
+$30,367,141
-$15,794,972
-152%
Functional Expenses
Summary
2023
2024
Change
Program
$102,059,672
$90,819,600
-11%
Admin
$27,831,102
$61,494,014
+121%
Fundraising
$208,723
$182,444
-13%
Total Expenses
$130,099,497
$152,496,058
+17%
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