THE NEW YORK ACADEMY OF MEDICINE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$10,636,391
Investments
28%
Contributions
27%
Program Services
21%
Other
13%
Fundraising Events
7%
Government Grants
4%
Membership Dues
0%
Expenses in 2024
$12,192,915
Salaries & Benefits
68%
Fees to Service Providers
10%
Other
9%
Offices, Occupancy & IT
6%
Depreciation
5%
Grants
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,863,884
$2,854,944
+53%
Government Grants
$1,421,385
$435,076
-69%
Fundraising Events
$830,003
$788,903
-5%
Program Services
$1,452,587
$2,203,084
+52%
Membership Dues
$0
$0
-
Investments
$1,655,185
$2,972,856
+80%
Other
$11,945,589
$1,381,528
-88%
Total Revenues
$19,168,633
$10,636,391
-45%
Expenses
2023
2024
Change
Grants
$822,273
$303,041
-63%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,338,004
$8,260,264
-1%
Fees to Service Providers
$1,252,888
$1,180,980
-6%
Advertising & Promotion
$3,251
$2,833
-13%
Offices, Occupancy & IT
$700,967
$770,903
+10%
Interest
$0
$0
-
Depreciation
$698,910
$561,082
-20%
Other
$1,420,144
$1,113,812
-22%
Total Expenses
$13,236,437
$12,192,915
-8%
Net income
2023
2024
Change
Net income
+$5,932,196
-$1,556,524
-126%
Functional Expenses
Summary
2023
2024
Change
Program
$8,837,658
$8,539,776
-3%
Admin
$3,537,181
$2,558,756
-28%
Fundraising
$861,598
$1,094,383
+27%
Total Expenses
$13,236,437
$12,192,915
-8%
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