MEDICAL SOCIETY OF SOUTH CAROLINA
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$17,721,491
Other
65%
Investments
35%
Membership Dues
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Expenses in 2024
$7,416,734
Interest
40%
Depreciation
33%
Fees to Service Providers
8%
Salaries & Benefits
8%
Grants
6%
Other
3%
Offices, Occupancy & IT
2%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$51,182
$51,771
+1%
Investments
$5,452,258
$6,168,169
+13%
Other
$9,289,387
$11,501,551
+24%
Total Revenues
$14,792,827
$17,721,491
+20%
Expenses
2023
2024
Change
Grants
$562,455
$451,675
-20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$533,630
$591,874
+11%
Fees to Service Providers
$646,686
$596,013
-8%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$169,952
$152,243
-10%
Interest
$3,059,341
$2,940,534
-4%
Depreciation
$2,154,687
$2,439,703
+13%
Other
$392,508
$244,692
-38%
Total Expenses
$7,519,259
$7,416,734
-1%
Net income
2023
2024
Change
Net income
+$7,273,568
+$10,304,757
+42%
Functional Expenses
Summary
2023
2024
Change
Program
$6,504,853
$6,650,133
+2%
Admin
$1,014,406
$766,601
-24%
Fundraising
$0
$0
-
Total Expenses
$7,519,259
$7,416,734
-1%
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