MARYLAND ACADEMY OF SCIENCES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$10,446,810
Program Services
31%
Contributions
30%
Government Grants
26%
Other
7%
Investments
5%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$8,677,833
Salaries & Benefits
52%
Depreciation
15%
Other
13%
Offices, Occupancy & IT
7%
Fees to Service Providers
6%
Advertising & Promotion
4%
Interest
2%
Grants
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$4,035,745
$3,168,990
-21%
Government Grants
$4,104,864
$2,725,560
-34%
Fundraising Events
$56,882
$43,644
-23%
Program Services
$3,308,914
$3,261,716
-1%
Membership Dues
$0
$0
-
Investments
$361,289
$528,870
+46%
Other
$1,075,382
$718,030
-33%
Total Revenues
$12,943,076
$10,446,810
-19%
Expenses
2024
2025
Change
Grants
$13,000
$13,000
+0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,214,520
$4,484,092
+6%
Fees to Service Providers
$545,073
$520,807
-4%
Advertising & Promotion
$317,763
$356,915
+12%
Offices, Occupancy & IT
$532,669
$612,926
+15%
Interest
$241,096
$207,309
-14%
Depreciation
$1,381,072
$1,322,871
-4%
Other
$1,038,425
$1,159,913
+12%
Total Expenses
$8,283,618
$8,677,833
+5%
Net income
2024
2025
Change
Net income
+$4,659,458
+$1,768,977
-62%
Functional Expenses
Summary
2024
2025
Change
Program
$5,790,344
$5,959,336
+3%
Admin
$2,082,233
$2,302,827
+11%
Fundraising
$411,041
$415,670
+1%
Total Expenses
$8,283,618
$8,677,833
+5%
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