Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024
$498,370,221
Government Grants
90%
Program Services
5%
Investments
2%
Other
2%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$378,607,558
Salaries & Benefits
53%
Other
21%
Offices, Occupancy & IT
15%
Fees to Service Providers
8%
Depreciation
2%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$629,846
$1,120,376
+78%
Government Grants
$342,448,984
$449,983,596
+31%
Fundraising Events
$0
$0
-
Program Services
$25,346,401
$26,668,525
+5%
Membership Dues
$0
$0
-
Investments
$2,637,490
$10,634,011
+303%
Other
$1,078,251
$9,963,713
+824%
Total Revenues
$372,140,972
$498,370,221
+34%
Expenses
2023
2024
Change
Grants
$80,000
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$184,253,202
$200,600,952
+9%
Fees to Service Providers
$27,393,586
$29,498,222
+8%
Advertising & Promotion
$307,170
$204,174
-34%
Offices, Occupancy & IT
$54,376,407
$56,665,900
+4%
Interest
$2,303,279
$2,431,552
+6%
Depreciation
$9,389,302
$9,391,675
+0%
Other
$77,162,250
$79,815,083
+3%
Total Expenses
$355,265,196
$378,607,558
+7%
Net income
2023
2024
Change
Net income
+$16,875,776
+$119,762,663
+610%
Functional Expenses
Summary
2023
2024
Change
Program
$320,721,865
$340,664,271
+6%
Admin
$34,543,331
$37,943,287
+10%
Fundraising
$0
$0
-
Total Expenses
$355,265,196
$378,607,558
+7%