UNDERWRITERS LABORATORIES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$46,451,010
Other
47%
Investments
34%
Government Grants
19%
Contributions
<1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$110,181,419
Salaries & Benefits
46%
Fees to Service Providers
19%
Offices, Occupancy & IT
13%
Grants
8%
Other
8%
Depreciation
3%
Advertising & Promotion
2%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$60,000
$40,000
-33%
Government Grants
$1,122,216
$8,831,794
+687%
Fundraising Events
$0
$0
-
Program Services
$1,088,367
$17,000
-98%
Membership Dues
$0
$0
-
Investments
$15,695,557
$15,657,003
0%
Other
-$2,613,514
$21,905,213
-938%
Total Revenues
$15,352,626
$46,451,010
+203%
Expenses
2023
2024
Change
Grants
$8,873,402
$9,317,877
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$37,914,263
$50,620,587
+34%
Fees to Service Providers
$23,855,104
$21,187,983
-11%
Advertising & Promotion
$2,418,463
$1,902,772
-21%
Offices, Occupancy & IT
$9,467,669
$14,436,436
+52%
Interest
$2
$1,013
+50550%
Depreciation
$1,130,962
$3,505,699
+210%
Other
$7,994,206
$9,209,052
+15%
Total Expenses
$91,654,071
$110,181,419
+20%
Net income
2023
2024
Change
Net income
-$76,301,445
-$63,730,409
+16%
Functional Expenses
Summary
2023
2024
Change
Program
$49,522,131
$68,641,997
+39%
Admin
$42,131,940
$41,539,422
-1%
Fundraising
$0
$0
-
Total Expenses
$91,654,071
$110,181,419
+20%
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