INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$714,064,929
Program Services
88%
Other
7%
Investments
5%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$600,137,430
Salaries & Benefits
37%
Other
36%
Fees to Service Providers
12%
Offices, Occupancy & IT
9%
Advertising & Promotion
3%
Grants
1%
Depreciation
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$50,926
$387,308
+661%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$571,745,371
$629,466,450
+10%
Membership Dues
$0
$0
-
Investments
$30,263,618
$37,329,956
+23%
Other
$48,155,068
$46,881,215
-3%
Total Revenues
$650,214,983
$714,064,929
+10%
Expenses
2023
2024
Change
Grants
$8,445,461
$7,398,726
-12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$197,803,045
$222,110,235
+12%
Fees to Service Providers
$64,529,858
$70,988,177
+10%
Advertising & Promotion
$13,918,160
$17,972,777
+29%
Offices, Occupancy & IT
$51,023,445
$55,445,420
+9%
Interest
$587,931
$669,469
+14%
Depreciation
$7,837,368
$7,184,294
-8%
Other
$190,786,925
$218,368,332
+14%
Total Expenses
$534,932,193
$600,137,430
+12%
Net income
2023
2024
Change
Net income
+$115,282,790
+$113,927,499
-1%
Functional Expenses
Summary
2023
2024
Change
Program
$518,571,299
$579,972,410
+12%
Admin
$15,837,123
$17,582,001
+11%
Fundraising
$523,771
$2,583,019
+393%
Total Expenses
$534,932,193
$600,137,430
+12%
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