THE INSTITUTE FOR NEW ECONOMIC THINKING INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$429,626
Investments
85%
Contributions
10%
Other
5%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$5,803,431
Salaries & Benefits
38%
Other
23%
Fees to Service Providers
18%
Grants
8%
Offices, Occupancy & IT
8%
Depreciation
3%
Advertising & Promotion
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$82,589
$43,793
-47%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$597,165
$365,227
-39%
Other
$73,673
$20,606
-72%
Total Revenues
$753,427
$429,626
-43%
Expenses
2023
2024
Change
Grants
$555,983
$474,371
-15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,582,616
$2,221,900
-14%
Fees to Service Providers
$804,434
$1,067,186
+33%
Advertising & Promotion
$72,747
$65,304
-10%
Offices, Occupancy & IT
$608,406
$449,328
-26%
Interest
$3,578
$782
-78%
Depreciation
$152,586
$171,522
+12%
Other
$1,208,138
$1,353,038
+12%
Total Expenses
$5,988,488
$5,803,431
-3%
Net income
2023
2024
Change
Net income
-$5,235,061
-$5,373,805
-3%
Functional Expenses
Summary
2023
2024
Change
Program
$4,865,991
$4,403,464
-10%
Admin
$725,688
$784,718
+8%
Fundraising
$396,809
$615,249
+55%
Total Expenses
$5,988,488
$5,803,431
-3%
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