ABIM FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,762,504
Other
63%
Investments
30%
Contributions
7%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$4,617,345
Salaries & Benefits
45%
Grants
34%
Other
12%
Offices, Occupancy & IT
6%
Fees to Service Providers
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$552,500
$450,000
-19%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,119,110
$2,054,136
-3%
Other
$4,824,429
$4,258,368
-12%
Total Revenues
$7,496,039
$6,762,504
-10%
Expenses
2023
2024
Change
Grants
$1,001,600
$1,552,479
+55%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,029,946
$2,082,870
+3%
Fees to Service Providers
$194,732
$181,051
-7%
Advertising & Promotion
$18,804
$2,714
-86%
Offices, Occupancy & IT
$227,593
$258,175
+13%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$354,628
$540,056
+52%
Total Expenses
$3,827,303
$4,617,345
+21%
Net income
2023
2024
Change
Net income
+$3,668,736
+$2,145,159
-42%
Functional Expenses
Summary
2023
2024
Change
Program
$3,827,303
$4,617,345
+21%
Admin
$0
$0
-
Fundraising
$0
$0
-
Total Expenses
$3,827,303
$4,617,345
+21%
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