CARNEGIE INSTITUTE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$115,993,787
Contributions
49%
Other
19%
Program Services
17%
Investments
6%
Government Grants
5%
Membership Dues
3%
Fundraising Events
<1%
Expenses in 2024
$83,369,019
Salaries & Benefits
51%
Other
23%
Offices, Occupancy & IT
11%
Depreciation
8%
Fees to Service Providers
5%
Advertising & Promotion
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$17,318,971
$56,604,832
+227%
Government Grants
$12,358,638
$5,748,453
-53%
Fundraising Events
$452,095
$900,248
+99%
Program Services
$18,721,056
$20,255,466
+8%
Membership Dues
$3,567,739
$3,438,253
-4%
Investments
$4,557,914
$6,498,351
+43%
Other
$16,239,938
$22,548,184
+39%
Total Revenues
$73,216,351
$115,993,787
+58%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$39,921,269
$42,570,884
+7%
Fees to Service Providers
$5,733,538
$3,890,559
-32%
Advertising & Promotion
$1,207,678
$1,043,735
-14%
Offices, Occupancy & IT
$8,921,934
$9,348,747
+5%
Interest
$591,956
$469,926
-21%
Depreciation
$7,000,442
$7,025,881
+0%
Other
$20,781,927
$19,019,287
-8%
Total Expenses
$84,158,744
$83,369,019
-1%
Net income
2023
2024
Change
Net income
-$10,942,393
+$32,624,768
-398%
Functional Expenses
Summary
2023
2024
Change
Program
$68,160,684
$67,273,970
-1%
Admin
$8,941,300
$8,395,574
-6%
Fundraising
$7,056,760
$7,699,475
+9%
Total Expenses
$84,158,744
$83,369,019
-1%
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