GLOBAL PRESS INSTITUTE
GLOBAL PRESS INSTITUTE
GLOBAL PRESS INSTITUTE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2023
$3,603,640
Contributions
90%
Government Grants
5%
Program Services
4%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2023
$5,342,614
Salaries & Benefits
59%
Fees to Service Providers
28%
Other
8%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2022
2023
Change
Contributions
$6,453,848
$3,225,567
-50%
Government Grants
$0
$185,655
-
Fundraising Events
$0
$0
-
Program Services
$125,509
$140,359
+12%
Membership Dues
$0
$0
-
Investments
$19,971
$52,059
+161%
Other
$0
$0
-
Total Revenues
$6,599,328
$3,603,640
-45%
Expenses
2022
2023
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,327,973
$3,153,372
+35%
Fees to Service Providers
$992,395
$1,508,036
+52%
Advertising & Promotion
$63,152
$52,674
-17%
Offices, Occupancy & IT
$175,579
$162,468
-7%
Interest
$0
$0
-
Depreciation
$27,025
$25,840
-4%
Other
$207,970
$440,224
+112%
Total Expenses
$3,794,094
$5,342,614
+41%
Net income
2022
2023
Change
Net income
+$2,805,234
-$1,738,974
-162%
Functional Expenses
Summary
2022
2023
Change
Program
$2,693,807
$3,793,256
+41%
Admin
$758,818
$1,068,524
+41%
Fundraising
$341,469
$480,834
+41%
Total Expenses
$3,794,094
$5,342,614
+41%
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