SMITHSONIAN INSTITUTION
SMITHSONIAN INSTITUTION
SMITHSONIAN INSTITUTION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$1,955,619,953
Government Grants
71%
Contributions
11%
Other
9%
Program Services
6%
Investments
2%
Membership Dues
1%
Fundraising Events
<1%
Expenses in 2024
$1,679,118,317
Salaries & Benefits
49%
Fees to Service Providers
17%
Offices, Occupancy & IT
13%
Depreciation
12%
Other
8%
Grants
1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$269,594,763
$215,916,136
-20%
Government Grants
$1,337,296,650
$1,391,267,669
+4%
Fundraising Events
$5,379,042
$2,280,180
-58%
Program Services
$110,685,734
$109,329,317
-1%
Membership Dues
$26,699,264
$25,916,774
-3%
Investments
$24,167,850
$38,156,848
+58%
Other
$102,719,274
$172,753,029
+68%
Total Revenues
$1,876,542,577
$1,955,619,953
+4%
Expenses
2023
2024
Change
Grants
$16,736,496
$18,009,379
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$796,992,060
$816,008,216
+2%
Fees to Service Providers
$255,085,045
$288,877,948
+13%
Advertising & Promotion
$3,657,651
$3,441,712
-6%
Offices, Occupancy & IT
$204,739,695
$210,927,740
+3%
Interest
$8,826,353
$8,916,525
+1%
Depreciation
$197,013,734
$198,184,305
+1%
Other
$118,746,012
$134,752,492
+13%
Total Expenses
$1,601,797,046
$1,679,118,317
+5%
Net income
2023
2024
Change
Net income
+$274,745,531
+$276,501,636
+1%
Functional Expenses
Summary
2023
2024
Change
Program
$1,210,067,298
$1,276,726,998
+6%
Admin
$315,077,086
$313,651,914
0%
Fundraising
$76,652,662
$88,739,405
+16%
Total Expenses
$1,601,797,046
$1,679,118,317
+5%
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