IEEE FOUNDATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$11,245,366
Contributions
49%
Other
30%
Investments
22%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$6,538,091
Grants
71%
Fees to Service Providers
19%
Offices, Occupancy & IT
5%
Other
3%
Advertising & Promotion
1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$4,721,278
$5,463,501
+16%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,009,013
$2,426,542
+21%
Other
$3,297,814
$3,355,323
+2%
Total Revenues
$10,028,105
$11,245,366
+12%
Expenses
2023
2024
Change
Grants
$4,938,682
$4,642,444
-6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$1,068,767
$1,268,537
+19%
Advertising & Promotion
$214,654
$90,997
-58%
Offices, Occupancy & IT
$401,928
$324,397
-19%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$262,854
$211,716
-19%
Total Expenses
$6,886,885
$6,538,091
-5%
Net income
2023
2024
Change
Net income
+$3,141,220
+$4,707,275
+50%
Functional Expenses
Summary
2023
2024
Change
Program
$5,548,547
$5,285,346
-5%
Admin
$1,111,184
$1,136,520
+2%
Fundraising
$227,154
$116,225
-49%
Total Expenses
$6,886,885
$6,538,091
-5%
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