NATIONAL ACADEMY OF INVENTORS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,652,522
Program Services
44%
Other
31%
Contributions
24%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,906,245
Other
51%
Salaries & Benefits
33%
Fees to Service Providers
15%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$12,150
$892,950
+7249%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$2,000,500
$1,607,567
-20%
Membership Dues
$0
$0
-
Investments
$13,811
$26,606
+93%
Other
$400,263
$1,125,399
+181%
Total Revenues
$2,426,724
$3,652,522
+51%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$177,517
$625,863
+253%
Fees to Service Providers
$89,525
$281,313
+214%
Advertising & Promotion
$7,235
$6,203
-14%
Offices, Occupancy & IT
$32
$18,717
+58391%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$927,468
$974,149
+5%
Total Expenses
$1,201,777
$1,906,245
+59%
Net income
2023
2024
Change
Net income
+$1,224,947
+$1,746,277
+43%
Functional Expenses
Summary
2023
2024
Change
Program
$687,359
$1,522,830
+122%
Admin
$509,418
$359,355
-29%
Fundraising
$5,000
$24,060
+381%
Total Expenses
$1,201,777
$1,906,245
+59%
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