UNITED STATES PHARMACOPEIAL CONVENTION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$357,720,644
Program Services
87%
Government Grants
6%
Other
3%
Investments
3%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$333,614,948
Salaries & Benefits
54%
Other
23%
Offices, Occupancy & IT
9%
Fees to Service Providers
9%
Depreciation
3%
Interest
<1%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$1,499,625
$1,805,889
+20%
Government Grants
$30,192,067
$21,952,739
-27%
Fundraising Events
$0
$0
-
Program Services
$311,282,673
$312,085,057
+0%
Membership Dues
$0
$0
-
Investments
$9,832,826
$10,074,561
+2%
Other
$942,136
$11,802,398
+1153%
Total Revenues
$353,749,327
$357,720,644
+1%
Expenses
2024
2025
Change
Grants
$498,078
$523,834
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$177,358,807
$181,392,116
+2%
Fees to Service Providers
$34,504,932
$29,080,209
-16%
Advertising & Promotion
$667,935
$730,650
+9%
Offices, Occupancy & IT
$31,871,416
$31,589,759
-1%
Interest
$3,067,795
$2,908,601
-5%
Depreciation
$9,936,188
$11,051,342
+11%
Other
$72,432,502
$76,338,437
+5%
Total Expenses
$330,337,653
$333,614,948
+1%
Net income
2024
2025
Change
Net income
+$23,411,674
+$24,105,696
+3%
Functional Expenses
Summary
2024
2025
Change
Program
$233,632,396
$237,592,558
+2%
Admin
$95,873,129
$95,013,067
-1%
Fundraising
$832,128
$1,009,323
+21%
Total Expenses
$330,337,653
$333,614,948
+1%
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