AMERICAN PHILOSOPHICAL SOCIETY
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$20,391,804
Other
51%
Investments
32%
Contributions
16%
Program Services
<1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$15,571,638
Salaries & Benefits
42%
Other
28%
Grants
11%
Fees to Service Providers
7%
Offices, Occupancy & IT
7%
Depreciation
4%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,716,045
$3,231,487
-13%
Government Grants
$136,800
$33,879
-75%
Fundraising Events
$0
$0
-
Program Services
$39,458
$150,943
+283%
Membership Dues
$0
$0
-
Investments
$6,439,040
$6,581,784
+2%
Other
$2,987,599
$10,393,711
+248%
Total Revenues
$13,318,942
$20,391,804
+53%
Expenses
2023
2024
Change
Grants
$1,712,648
$1,754,046
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,629,629
$6,565,971
+17%
Fees to Service Providers
$993,759
$1,161,581
+17%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$983,658
$1,123,247
+14%
Interest
$3,619
$0
-100%
Depreciation
$687,893
$677,885
-1%
Other
$4,202,110
$4,288,908
+2%
Total Expenses
$14,213,316
$15,571,638
+10%
Net income
2023
2024
Change
Net income
-$894,374
+$4,820,166
-639%
Functional Expenses
Summary
2023
2024
Change
Program
$10,667,642
$11,302,992
+6%
Admin
$2,843,082
$3,472,986
+22%
Fundraising
$702,592
$795,660
+13%
Total Expenses
$14,213,316
$15,571,638
+10%
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