IIT MADRAS FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,635,727
Contributions
76%
Other
18%
Investments
6%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$8,648,831
Grants
95%
Other
2%
Salaries & Benefits
1%
Fees to Service Providers
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$8,898,124
$5,799,373
-35%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$423,689
$427,526
+1%
Other
$202,656
$1,408,828
+595%
Total Revenues
$9,524,469
$7,635,727
-20%
Expenses
2023
2024
Change
Grants
$5,846,678
$8,259,531
+41%
Benefits to Members
$0
$0
-
Salaries & Benefits
$116,029
$117,441
+1%
Fees to Service Providers
$70,002
$83,200
+19%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$65,353
$188,659
+189%
Total Expenses
$6,098,062
$8,648,831
+42%
Net income
2023
2024
Change
Net income
+$3,426,407
-$1,013,104
-130%
Functional Expenses
Summary
2023
2024
Change
Program
$5,846,678
$8,259,531
+41%
Admin
$170,319
$303,617
+78%
Fundraising
$81,065
$85,683
+6%
Total Expenses
$6,098,062
$8,648,831
+42%
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