NATIONAL INVENTORS HALL OF FAME INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$53,389,777
Program Services
68%
Contributions
14%
Government Grants
13%
Investments
4%
Other
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$45,214,422
Salaries & Benefits
46%
Other
36%
Offices, Occupancy & IT
7%
Fees to Service Providers
5%
Advertising & Promotion
5%
Depreciation
1%
Grants
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,882,619
$7,292,806
+88%
Government Grants
$5,723,005
$6,785,289
+19%
Fundraising Events
$0
$0
-
Program Services
$38,186,801
$36,564,409
-4%
Membership Dues
$0
$0
-
Investments
$1,404,553
$2,131,638
+52%
Other
$62,787
$615,635
+881%
Total Revenues
$49,259,765
$53,389,777
+8%
Expenses
2023
2024
Change
Grants
$238,787
$145,534
-39%
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,445,053
$20,638,919
+6%
Fees to Service Providers
$2,588,804
$2,250,855
-13%
Advertising & Promotion
$1,791,712
$2,130,629
+19%
Offices, Occupancy & IT
$2,786,054
$2,973,189
+7%
Interest
$147
$28,127
+19034%
Depreciation
$539,445
$575,664
+7%
Other
$16,320,710
$16,471,505
+1%
Total Expenses
$43,710,712
$45,214,422
+3%
Net income
2023
2024
Change
Net income
+$5,549,053
+$8,175,355
+47%
Functional Expenses
Summary
2023
2024
Change
Program
$37,288,030
$38,105,673
+2%
Admin
$5,207,832
$5,800,898
+11%
Fundraising
$1,214,850
$1,307,851
+8%
Total Expenses
$43,710,712
$45,214,422
+3%
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