Mercy Ships International
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$287,144,079
Contributions
91%
Other
8%
Investments
<1%
Program Services
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$157,056,453
Other
29%
Salaries & Benefits
29%
Fees to Service Providers
21%
Offices, Occupancy & IT
8%
Advertising & Promotion
6%
Depreciation
5%
Grants
2%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$122,952,265
$262,733,926
+114%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$34,404
$39,708
+15%
Membership Dues
$0
$0
-
Investments
$1,114,725
$2,034,520
+83%
Other
$30,990,156
$22,335,925
-28%
Total Revenues
$155,091,550
$287,144,079
+85%
Expenses
2023
2024
Change
Grants
$2,772,232
$2,656,586
-4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$36,117,422
$45,868,249
+27%
Fees to Service Providers
$27,038,857
$32,652,939
+21%
Advertising & Promotion
$8,956,757
$8,995,451
+0%
Offices, Occupancy & IT
$12,222,807
$12,941,687
+6%
Interest
$0
$61
-
Depreciation
$6,587,072
$7,981,372
+21%
Other
$51,997,163
$45,960,108
-12%
Total Expenses
$145,692,310
$157,056,453
+8%
Net income
2023
2024
Change
Net income
+$9,399,240
+$130,087,626
+1284%
Functional Expenses
Summary
2023
2024
Change
Program
$108,854,220
$118,078,677
+8%
Admin
$17,097,383
$16,303,050
-5%
Fundraising
$19,740,707
$22,674,726
+15%
Total Expenses
$145,692,310
$157,056,453
+8%
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