GRADUATE MANAGEMENT ADMISSION COUNCIL
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$67,401,273
Program Services
84%
Other
7%
Investments
6%
Government Grants
3%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$74,216,291
Salaries & Benefits
36%
Other
30%
Offices, Occupancy & IT
15%
Fees to Service Providers
8%
Depreciation
6%
Advertising & Promotion
5%
Grants
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$2,022,575
-
Fundraising Events
$0
$0
-
Program Services
$57,533,693
$56,428,726
-2%
Membership Dues
$0
$0
-
Investments
$3,544,803
$4,087,342
+15%
Other
$2,662,203
$4,862,630
+83%
Total Revenues
$63,740,699
$67,401,273
+6%
Expenses
2023
2024
Change
Grants
$561,568
$466,294
-17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$24,156,662
$26,932,749
+11%
Fees to Service Providers
$5,763,798
$5,608,680
-3%
Advertising & Promotion
$5,552,942
$3,440,531
-38%
Offices, Occupancy & IT
$8,943,378
$11,056,069
+24%
Interest
$0
$0
-
Depreciation
$4,583,959
$4,791,836
+5%
Other
$24,384,737
$21,920,132
-10%
Total Expenses
$73,947,044
$74,216,291
+0%
Net income
2023
2024
Change
Net income
-$10,206,345
-$6,815,018
+33%
Functional Expenses
Summary
2023
2024
Change
Program
$55,014,352
$53,633,592
-3%
Admin
$18,932,692
$20,582,699
+9%
Fundraising
$0
$0
-
Total Expenses
$73,947,044
$74,216,291
+0%
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