THE AMERICAN BOARD OF INTERNAL MEDICINE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$105,763,334
Program Services
93%
Investments
7%
Other
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$69,389,603
Salaries & Benefits
57%
Other
22%
Fees to Service Providers
13%
Offices, Occupancy & IT
7%
Depreciation
1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$87,161,693
$98,267,437
+13%
Membership Dues
$0
$0
-
Investments
$2,337,763
$6,910,527
+196%
Other
$538,439
$585,370
+9%
Total Revenues
$90,037,895
$105,763,334
+17%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$34,436,923
$39,369,696
+14%
Fees to Service Providers
$7,618,274
$9,136,870
+20%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$4,554,234
$4,934,973
+8%
Interest
$0
$0
-
Depreciation
$1,265,647
$1,020,376
-19%
Other
$15,089,523
$14,927,688
-1%
Total Expenses
$62,964,601
$69,389,603
+10%
Net income
2023
2024
Change
Net income
+$27,073,294
+$36,373,731
+34%
Functional Expenses
Summary
2023
2024
Change
Program
$50,927,101
$53,517,000
+5%
Admin
$12,037,500
$15,872,603
+32%
Fundraising
$0
$0
-
Total Expenses
$62,964,601
$69,389,603
+10%
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