National Board of Medical Examiners
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$189,758,430
Program Services
91%
Investments
5%
Other
4%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$178,563,223
Salaries & Benefits
54%
Other
27%
Offices, Occupancy & IT
8%
Fees to Service Providers
6%
Depreciation
3%
Grants
2%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$163,555,906
$173,506,146
+6%
Membership Dues
$0
$0
-
Investments
$8,155,316
$8,552,655
+5%
Other
$2,448,134
$7,699,629
+215%
Total Revenues
$174,159,356
$189,758,430
+9%
Expenses
2023
2024
Change
Grants
$1,373,496
$2,819,348
+105%
Benefits to Members
$0
$0
-
Salaries & Benefits
$88,849,846
$96,121,740
+8%
Fees to Service Providers
$10,332,845
$10,839,647
+5%
Advertising & Promotion
$53,008
$14,419
-73%
Offices, Occupancy & IT
$13,081,984
$15,150,653
+16%
Interest
$744,905
$718,933
-3%
Depreciation
$3,319,120
$4,465,164
+35%
Other
$45,980,243
$48,433,319
+5%
Total Expenses
$163,735,447
$178,563,223
+9%
Net income
2023
2024
Change
Net income
+$10,423,909
+$11,195,207
+7%
Functional Expenses
Summary
2023
2024
Change
Program
$132,125,363
$143,380,773
+9%
Admin
$31,610,084
$35,182,450
+11%
Fundraising
$0
$0
-
Total Expenses
$163,735,447
$178,563,223
+9%
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