The Wright Center for Graduate Medical Education
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$47,901,407
Government Grants
51%
Program Services
44%
Other
4%
Investments
1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$46,698,121
Salaries & Benefits
66%
Other
16%
Fees to Service Providers
8%
Grants
4%
Offices, Occupancy & IT
3%
Depreciation
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,667
$1,333
-80%
Government Grants
$21,312,796
$24,338,217
+14%
Fundraising Events
$0
$0
-
Program Services
$19,268,341
$20,897,932
+8%
Membership Dues
$0
$0
-
Investments
$321,145
$670,266
+109%
Other
$2,919,494
$1,993,659
-32%
Total Revenues
$43,828,443
$47,901,407
+9%
Expenses
2023
2024
Change
Grants
$267,817
$1,664,526
+522%
Benefits to Members
$0
$0
-
Salaries & Benefits
$28,377,333
$30,760,440
+8%
Fees to Service Providers
$3,263,396
$3,843,785
+18%
Advertising & Promotion
$142,526
$192,003
+35%
Offices, Occupancy & IT
$1,164,669
$1,594,427
+37%
Interest
$159,556
$159,602
+0%
Depreciation
$1,071,513
$1,055,244
-2%
Other
$7,403,132
$7,428,094
+0%
Total Expenses
$41,849,942
$46,698,121
+12%
Net income
2023
2024
Change
Net income
+$1,978,501
+$1,203,286
-39%
Functional Expenses
Summary
2023
2024
Change
Program
$27,534,838
$30,735,017
+12%
Admin
$14,315,104
$15,963,104
+12%
Fundraising
$0
$0
-
Total Expenses
$41,849,942
$46,698,121
+12%
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