UNITED STATES NAVAL INSTITUTE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$10,963,609
Other
62%
Program Services
37%
Investments
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$10,714,748
Salaries & Benefits
58%
Offices, Occupancy & IT
17%
Fees to Service Providers
14%
Other
7%
Depreciation
3%
Advertising & Promotion
<1%
Grants
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$35,097
$0
-100%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$3,304,513
$4,086,647
+24%
Membership Dues
$0
$0
-
Investments
$81,085
$40,287
-50%
Other
$5,644,096
$6,836,675
+21%
Total Revenues
$9,064,791
$10,963,609
+21%
Expenses
2023
2024
Change
Grants
$39,347
$3,250
-92%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,942,345
$6,245,958
+5%
Fees to Service Providers
$1,330,098
$1,508,395
+13%
Advertising & Promotion
$152,797
$99,965
-35%
Offices, Occupancy & IT
$1,820,120
$1,786,777
-2%
Interest
$128,144
$1,424
-99%
Depreciation
$309,187
$310,789
+1%
Other
$841,556
$758,190
-10%
Total Expenses
$10,563,594
$10,714,748
+1%
Net income
2023
2024
Change
Net income
-$1,498,803
+$248,861
-117%
Functional Expenses
Summary
2023
2024
Change
Program
$6,715,534
$6,502,638
-3%
Admin
$3,848,060
$4,212,110
+9%
Fundraising
$0
$0
-
Total Expenses
$10,563,594
$10,714,748
+1%
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