VAN ANDEL INSTITUTE
Income Statement
Fiscal Year Start:
Dec 1
Revenues in 2024
$139,332,774
Other
63%
Investments
19%
Contributions
16%
Fundraising Events
1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$90,904,641
Grants
74%
Fees to Service Providers
18%
Other
9%
Depreciation
<1%
Offices, Occupancy & IT
<1%
Salaries & Benefits
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$110,124,137
$22,794,399
-79%
Government Grants
$0
$0
-
Fundraising Events
$1,235,828
$1,501,767
+22%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$30,184,854
$26,880,871
-11%
Other
$30,282,193
$88,155,737
+191%
Total Revenues
$171,827,012
$139,332,774
-19%
Expenses
2023
2024
Change
Grants
$290,988,037
$66,839,024
-77%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,500
$35,000
+312%
Fees to Service Providers
$7,474,721
$15,982,540
+114%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$75,005
$80,277
+7%
Interest
$0
$0
-
Depreciation
$161,054
$166,846
+4%
Other
$7,472,040
$7,800,954
+4%
Total Expenses
$306,179,357
$90,904,641
-70%
Net income
2023
2024
Change
Net income
-$134,352,345
+$48,428,133
-136%
Functional Expenses
Summary
2023
2024
Change
Program
$290,988,037
$66,839,024
-77%
Admin
$13,280,648
$21,230,701
+60%
Fundraising
$1,910,672
$2,834,916
+48%
Total Expenses
$306,179,357
$90,904,641
-70%
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