Minnesota Internship Center
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,863,823
Government Grants
90%
Other
9%
Contributions
<1%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$5,608,953
Salaries & Benefits
64%
Fees to Service Providers
13%
Depreciation
10%
Offices, Occupancy & IT
7%
Other
6%
Interest
<1%
Grants
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$50,957
$48,665
-4%
Government Grants
$6,454,142
$5,282,715
-18%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$10,990
$10,864
-1%
Other
$468,303
$521,579
+11%
Total Revenues
$6,984,392
$5,863,823
-16%
Expenses
2023
2024
Change
Grants
$39,000
$3,965
-90%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,519,479
$3,576,375
-21%
Fees to Service Providers
$861,524
$702,997
-18%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$470,102
$388,986
-17%
Interest
$57,241
$28,966
-49%
Depreciation
$573,320
$579,322
+1%
Other
$393,314
$328,342
-17%
Total Expenses
$6,913,980
$5,608,953
-19%
Net income
2023
2024
Change
Net income
+$70,412
+$254,870
+262%
Functional Expenses
Summary
2023
2024
Change
Program
$5,778,336
$4,572,573
-21%
Admin
$1,135,644
$1,036,380
-9%
Fundraising
$0
$0
-
Total Expenses
$6,913,980
$5,608,953
-19%
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