UNIVERSITY OF MARYLAND FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$77,068,370
Contributions
53%
Other
28%
Investments
13%
Membership Dues
5%
Program Services
<1%
Fundraising Events
<1%
Government Grants
0%
Expenses in 2024
$43,119,335
Grants
50%
Other
22%
Salaries & Benefits
16%
Fees to Service Providers
10%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$20,158,241
$40,528,992
+101%
Government Grants
$1,900,500
$0
-100%
Fundraising Events
$47,515
$159,540
+236%
Program Services
$756,391
$650,968
-14%
Membership Dues
$1,914,902
$4,136,959
+116%
Investments
$7,782,764
$10,250,723
+32%
Other
$14,315,052
$21,341,188
+49%
Total Revenues
$46,875,365
$77,068,370
+64%
Expenses
2023
2024
Change
Grants
$17,845,911
$21,726,277
+22%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,496,125
$6,995,008
+8%
Fees to Service Providers
$5,234,442
$4,434,044
-15%
Advertising & Promotion
$67,900
$49,973
-26%
Offices, Occupancy & IT
$584,435
$552,500
-5%
Interest
$0
$0
-
Depreciation
$23,322
$18,110
-22%
Other
$10,540,123
$9,343,423
-11%
Total Expenses
$40,792,258
$43,119,335
+6%
Net income
2023
2024
Change
Net income
+$6,083,107
+$33,949,035
+458%
Functional Expenses
Summary
2023
2024
Change
Program
$25,623,465
$29,876,981
+17%
Admin
$13,152,436
$10,603,424
-19%
Fundraising
$2,016,357
$2,638,930
+31%
Total Expenses
$40,792,258
$43,119,335
+6%
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