Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024
$1,629,819,378
Government Grants
96%
Contributions
2%
Investments
1%
Other
<1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,606,801,411
Grants
96%
Salaries & Benefits
2%
Offices, Occupancy & IT
<1%
Other
<1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$24,916,916
$28,833,478
+16%
Government Grants
$1,476,134,851
$1,570,271,767
+6%
Fundraising Events
$0
$0
-
Program Services
$1,373,054
$3,660,958
+167%
Membership Dues
$0
$0
-
Investments
$16,675,525
$23,079,633
+38%
Other
$4,033,215
$3,973,542
-1%
Total Revenues
$1,523,133,561
$1,629,819,378
+7%
Expenses
2023
2024
Change
Grants
$1,443,564,897
$1,543,826,336
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$36,578,007
$40,024,499
+9%
Fees to Service Providers
$3,718,093
$2,681,167
-28%
Advertising & Promotion
$0
$19,156
-
Offices, Occupancy & IT
$10,295,846
$12,508,989
+21%
Interest
$1,079
$4,008
+271%
Depreciation
$0
$0
-
Other
$21,217,769
$7,737,256
-64%
Total Expenses
$1,515,375,691
$1,606,801,411
+6%
Net income
2023
2024
Change
Net income
+$7,757,870
+$23,017,967
+197%
Functional Expenses
Summary
2023
2024
Change
Program
$1,507,491,001
$1,597,440,066
+6%
Admin
$7,884,690
$9,361,345
+19%
Fundraising
$0
$0
-
Total Expenses
$1,515,375,691
$1,606,801,411
+6%