THE MANUFACTURING INSTITUTE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,840,593
Contributions
69%
Program Services
25%
Other
3%
Investments
3%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$7,639,458
Salaries & Benefits
56%
Other
21%
Fees to Service Providers
17%
Offices, Occupancy & IT
3%
Grants
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$6,010,497
$6,112,721
+2%
Government Grants
$277,390
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$1,637,554
$2,183,064
+33%
Membership Dues
$0
$0
-
Investments
$134,823
$243,168
+80%
Other
$153,942
$301,640
+96%
Total Revenues
$8,214,206
$8,840,593
+8%
Expenses
2023
2024
Change
Grants
$227,500
$150,000
-34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,230,321
$4,283,642
+1%
Fees to Service Providers
$3,300,620
$1,307,554
-60%
Advertising & Promotion
$68,869
$68,019
-1%
Offices, Occupancy & IT
$198,146
$232,117
+17%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$1,566,151
$1,598,126
+2%
Total Expenses
$9,591,607
$7,639,458
-20%
Net income
2023
2024
Change
Net income
-$1,377,401
+$1,201,135
-187%
Functional Expenses
Summary
2023
2024
Change
Program
$8,543,281
$6,221,568
-27%
Admin
$436,326
$774,150
+77%
Fundraising
$612,000
$643,740
+5%
Total Expenses
$9,591,607
$7,639,458
-20%
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