Watson Institute
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,593,105
Contributions
76%
Program Services
17%
Other
5%
Investments
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,444,764
Salaries & Benefits
67%
Other
25%
Offices, Occupancy & IT
3%
Benefits to Members
2%
Grants
1%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,911,478
$2,748,665
-6%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$248,293
$623,083
+151%
Membership Dues
$0
$0
-
Investments
$0
$43,870
-
Other
$0
$177,487
-
Total Revenues
$3,159,771
$3,593,105
+14%
Expenses
2023
2024
Change
Grants
$58,489
$48,176
-18%
Benefits to Members
$41,761
$63,784
+53%
Salaries & Benefits
$1,508,175
$2,312,036
+53%
Fees to Service Providers
$72,951
$38,079
-48%
Advertising & Promotion
$8,699
$2,246
-74%
Offices, Occupancy & IT
$109,513
$107,954
-1%
Interest
$2
$0
-100%
Depreciation
$0
$0
-
Other
$645,396
$872,489
+35%
Total Expenses
$2,444,986
$3,444,764
+41%
Net income
2023
2024
Change
Net income
+$714,785
+$148,341
-79%
Functional Expenses
Summary
2023
2024
Change
Program
$2,119,905
$3,011,570
+42%
Admin
$229,536
$274,465
+20%
Fundraising
$95,545
$158,729
+66%
Total Expenses
$2,444,986
$3,444,764
+41%
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