MARYLAND PHILANTHROPY NETWORK
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,637,289
Contributions
87%
Membership Dues
5%
Program Services
4%
Other
2%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$6,460,817
Salaries & Benefits
45%
Fees to Service Providers
26%
Grants
11%
Offices, Occupancy & IT
10%
Other
5%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$5,760,782
$7,515,710
+30%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$523,912
$366,651
-30%
Membership Dues
$558,230
$439,731
-21%
Investments
$74,839
$133,120
+78%
Other
$154,653
$182,077
+18%
Total Revenues
$7,072,416
$8,637,289
+22%
Expenses
2023
2024
Change
Grants
$1,083,095
$734,770
-32%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,483,428
$2,918,908
+18%
Fees to Service Providers
$1,159,071
$1,699,093
+47%
Advertising & Promotion
$0
$44,811
-
Offices, Occupancy & IT
$630,750
$651,531
+3%
Interest
$0
$0
-
Depreciation
$67,406
$85,724
+27%
Other
$787,486
$325,980
-59%
Total Expenses
$6,211,236
$6,460,817
+4%
Net income
2023
2024
Change
Net income
+$861,180
+$2,176,472
+153%
Functional Expenses
Summary
2023
2024
Change
Program
$4,808,885
$5,682,897
+18%
Admin
$1,230,073
$685,850
-44%
Fundraising
$172,278
$92,070
-47%
Total Expenses
$6,211,236
$6,460,817
+4%
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