THE MORGRIDGE INSTITUTE FOR RESEARCH INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$78,378,897
Other
86%
Government Grants
11%
Contributions
3%
Program Services
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$37,276,559
Salaries & Benefits
55%
Offices, Occupancy & IT
18%
Fees to Service Providers
12%
Other
6%
Depreciation
4%
Grants
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$1,602,800
$2,319,327
+45%
Government Grants
$6,827,656
$8,334,255
+22%
Fundraising Events
$0
$0
-
Program Services
$68,461
$42,300
-38%
Membership Dues
$0
$0
-
Investments
$45
$1,047
+2227%
Other
$25,070,369
$67,681,968
+170%
Total Revenues
$33,569,331
$78,378,897
+133%
Expenses
2024
2025
Change
Grants
$1,519,557
$1,311,424
-14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,403,439
$20,556,269
+18%
Fees to Service Providers
$3,433,772
$4,657,389
+36%
Advertising & Promotion
$193,898
$213,349
+10%
Offices, Occupancy & IT
$6,754,910
$6,800,428
+1%
Interest
$0
$0
-
Depreciation
$1,219,195
$1,346,064
+10%
Other
$1,734,404
$2,391,636
+38%
Total Expenses
$32,259,175
$37,276,559
+16%
Net income
2024
2025
Change
Net income
+$1,310,156
+$41,102,338
+3037%
Functional Expenses
Summary
2024
2025
Change
Program
$21,497,809
$26,103,479
+21%
Admin
$9,595,249
$10,100,246
+5%
Fundraising
$1,166,117
$1,072,834
-8%
Total Expenses
$32,259,175
$37,276,559
+16%
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