Island Institute
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$7,730,757
Contributions
47%
Membership Dues
24%
Investments
12%
Other
8%
Government Grants
6%
Program Services
4%
Fundraising Events
0%
Expenses in 2024
$9,092,114
Salaries & Benefits
67%
Other
9%
Grants
8%
Fees to Service Providers
7%
Offices, Occupancy & IT
7%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,694,145
$3,602,742
-23%
Government Grants
$428,020
$465,816
+9%
Fundraising Events
$0
$0
-
Program Services
$257,301
$288,490
+12%
Membership Dues
$1,756,863
$1,858,354
+6%
Investments
$688,197
$920,389
+34%
Other
$3,508,971
$594,966
-83%
Total Revenues
$11,333,497
$7,730,757
-32%
Expenses
2023
2024
Change
Grants
$1,524,665
$727,453
-52%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,096,624
$6,117,653
+20%
Fees to Service Providers
$625,721
$642,882
+3%
Advertising & Promotion
$53,593
$53,192
-1%
Offices, Occupancy & IT
$752,766
$608,694
-19%
Interest
$0
$0
-
Depreciation
$99,259
$97,873
-1%
Other
$803,089
$844,367
+5%
Total Expenses
$8,955,717
$9,092,114
+2%
Net income
2023
2024
Change
Net income
+$2,377,780
-$1,361,357
-157%
Functional Expenses
Summary
2023
2024
Change
Program
$6,214,163
$6,572,395
+6%
Admin
$1,770,576
$1,067,715
-40%
Fundraising
$970,978
$1,452,004
+50%
Total Expenses
$8,955,717
$9,092,114
+2%
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