UNITED STATES NAVAL ACADEMY ALUMNI ASSOC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$14,607,268
Other
46%
Contributions
35%
Program Services
13%
Investments
6%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$17,777,415
Salaries & Benefits
39%
Fees to Service Providers
21%
Grants
18%
Other
13%
Offices, Occupancy & IT
7%
Depreciation
3%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$15,747,448
$5,124,700
-67%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,817,191
$1,892,904
+4%
Membership Dues
$0
$0
-
Investments
$942,781
$924,810
-2%
Other
$7,815,273
$6,664,854
-15%
Total Revenues
$26,322,693
$14,607,268
-45%
Expenses
2023
2024
Change
Grants
$3,116,017
$3,179,296
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,895,533
$6,929,161
+42%
Fees to Service Providers
$3,600,084
$3,700,231
+3%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,855,379
$1,229,773
-34%
Interest
$0
$0
-
Depreciation
$127,794
$501,721
+293%
Other
$1,651,264
$2,237,233
+35%
Total Expenses
$15,246,071
$17,777,415
+17%
Net income
2023
2024
Change
Net income
+$11,076,622
-$3,170,147
-129%
Functional Expenses
Summary
2023
2024
Change
Program
$10,836,630
$13,643,517
+26%
Admin
$3,458,394
$3,050,219
-12%
Fundraising
$951,047
$1,083,679
+14%
Total Expenses
$15,246,071
$17,777,415
+17%
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