INSTITUTE FOR POLICY STUDIES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,650,996
Contributions
90%
Other
5%
Investments
3%
Fundraising Events
1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$5,230,308
Salaries & Benefits
61%
Fees to Service Providers
16%
Offices, Occupancy & IT
11%
Grants
5%
Other
4%
Advertising & Promotion
2%
Depreciation
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,971,091
$5,097,689
+28%
Government Grants
$0
$0
-
Fundraising Events
$69,745
$82,909
+19%
Program Services
$154,531
$0
-100%
Membership Dues
$0
$0
-
Investments
$116,145
$166,908
+44%
Other
$135,685
$303,490
+124%
Total Revenues
$4,447,197
$5,650,996
+27%
Expenses
2023
2024
Change
Grants
$81,755
$258,945
+217%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,853,627
$3,197,333
+12%
Fees to Service Providers
$979,394
$839,500
-14%
Advertising & Promotion
$6,837
$86,188
+1161%
Offices, Occupancy & IT
$414,956
$557,283
+34%
Interest
$27
$655
+2326%
Depreciation
$48,810
$57,293
+17%
Other
$339,665
$233,111
-31%
Total Expenses
$4,725,071
$5,230,308
+11%
Net income
2023
2024
Change
Net income
-$277,874
+$420,688
-251%
Functional Expenses
Summary
2023
2024
Change
Program
$4,036,993
$4,418,530
+9%
Admin
$352,228
$443,605
+26%
Fundraising
$335,850
$368,173
+10%
Total Expenses
$4,725,071
$5,230,308
+11%
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