THE WATSON INSTITUTE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,995,193
Program Services
50%
Investments
23%
Other
15%
Contributions
11%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$8,617,894
Salaries & Benefits
69%
Fees to Service Providers
12%
Other
9%
Depreciation
3%
Interest
3%
Offices, Occupancy & IT
2%
Grants
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,683,133
$1,487,777
-12%
Government Grants
$0
$0
-
Fundraising Events
$0
$24,675
-
Program Services
$6,045,736
$6,556,531
+8%
Membership Dues
$0
$0
-
Investments
$2,359,870
$2,926,567
+24%
Other
$548,553
$1,999,643
+265%
Total Revenues
$10,637,292
$12,995,193
+22%
Expenses
2023
2024
Change
Grants
$127,426
$128,400
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,125,391
$5,918,947
+15%
Fees to Service Providers
$989,058
$1,051,089
+6%
Advertising & Promotion
$8,837
$5,050
-43%
Offices, Occupancy & IT
$130,521
$168,673
+29%
Interest
$186,236
$240,575
+29%
Depreciation
$316,634
$299,431
-5%
Other
$998,528
$805,729
-19%
Total Expenses
$7,882,631
$8,617,894
+9%
Net income
2023
2024
Change
Net income
+$2,754,661
+$4,377,299
+59%
Functional Expenses
Summary
2023
2024
Change
Program
$5,692,833
$6,507,689
+14%
Admin
$1,908,154
$1,899,310
0%
Fundraising
$281,644
$210,895
-25%
Total Expenses
$7,882,631
$8,617,894
+9%
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