Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024
$7,314,092,533
Program Services
59%
Government Grants
18%
Contributions
12%
Other
9%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$6,846,031,159
Salaries & Benefits
61%
Grants
14%
Offices, Occupancy & IT
9%
Fees to Service Providers
6%
Depreciation
5%
Other
4%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$722,743,769
$880,680,251
+22%
Government Grants
$1,227,651,527
$1,329,009,284
+8%
Fundraising Events
$6,490,280
$5,949,163
-8%
Program Services
$4,134,317,613
$4,343,856,874
+5%
Membership Dues
$0
$0
-
Investments
$97,027,125
$114,286,118
+18%
Other
$466,612,363
$640,310,843
+37%
Total Revenues
$6,654,842,677
$7,314,092,533
+10%
Expenses
2023
2024
Change
Grants
$877,363,455
$927,331,811
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,894,798,761
$4,164,668,389
+7%
Fees to Service Providers
$376,739,117
$432,551,904
+15%
Advertising & Promotion
$9,225,629
$9,302,277
+1%
Offices, Occupancy & IT
$603,216,418
$630,188,612
+4%
Interest
$67,183,136
$67,325,436
+0%
Depreciation
$331,177,772
$326,883,117
-1%
Other
$276,647,653
$287,779,613
+4%
Total Expenses
$6,436,351,941
$6,846,031,159
+6%
Net income
2023
2024
Change
Net income
+$218,490,736
+$468,061,374
+114%
Functional Expenses
Summary
2023
2024
Change
Program
$5,851,724,722
$6,194,193,409
+6%
Admin
$452,527,364
$505,050,408
+12%
Fundraising
$132,099,855
$146,787,342
+11%
Total Expenses
$6,436,351,941
$6,846,031,159
+6%