INTERNATIONAL FOUNDATION FOR ELECTORAL SYSTEMS
INTERNATIONAL FOUNDATION FOR ELECTORAL SYSTEMS
INTERNATIONAL FOUNDATION FOR ELECTORAL SYSTEMS
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$77,503,021
Government Grants
78%
Contributions
21%
Investments
<1%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$77,341,865
Salaries & Benefits
52%
Other
22%
Fees to Service Providers
14%
Grants
7%
Offices, Occupancy & IT
4%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$19,140,524
$16,587,145
-13%
Government Grants
$58,684,285
$60,776,652
+4%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$89,657
$118,098
+32%
Other
$49,575
$21,126
-57%
Total Revenues
$77,964,041
$77,503,021
-1%
Expenses
2023
2024
Change
Grants
$6,084,317
$5,680,526
-7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$41,516,615
$39,960,526
-4%
Fees to Service Providers
$11,879,778
$10,945,613
-8%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$2,897,210
$2,998,280
+3%
Interest
$0
$0
-
Depreciation
$382,846
$402,941
+5%
Other
$16,449,844
$17,353,979
+5%
Total Expenses
$79,210,610
$77,341,865
-2%
Net income
2023
2024
Change
Net income
-$1,246,569
+$161,156
-113%
Functional Expenses
Summary
2023
2024
Change
Program
$68,865,864
$68,286,234
-1%
Admin
$10,328,481
$8,920,925
-14%
Fundraising
$16,265
$134,706
+728%
Total Expenses
$79,210,610
$77,341,865
-2%
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