SOUTHWESTERN MEDICAL FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$183,069,250
Other
63%
Contributions
31%
Investments
6%
Fundraising Events
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$55,305,025
Grants
88%
Salaries & Benefits
5%
Fees to Service Providers
3%
Other
2%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$21,356,147
$56,157,074
+163%
Government Grants
$0
$0
-
Fundraising Events
$285,450
$401,790
+41%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$12,429,971
$10,730,691
-14%
Other
$38,719,129
$115,779,695
+199%
Total Revenues
$72,790,697
$183,069,250
+152%
Expenses
2023
2024
Change
Grants
$44,546,549
$48,528,987
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,547,453
$2,599,684
+2%
Fees to Service Providers
$1,784,860
$1,593,068
-11%
Advertising & Promotion
$65,659
$162,807
+148%
Offices, Occupancy & IT
$984,404
$1,160,600
+18%
Interest
$0
$0
-
Depreciation
$68,799
$96,905
+41%
Other
$1,852,890
$1,162,974
-37%
Total Expenses
$51,850,614
$55,305,025
+7%
Net income
2023
2024
Change
Net income
+$20,940,083
+$127,764,225
+510%
Functional Expenses
Summary
2023
2024
Change
Program
$45,837,064
$49,875,774
+9%
Admin
$4,317,356
$3,569,084
-17%
Fundraising
$1,696,194
$1,860,167
+10%
Total Expenses
$51,850,614
$55,305,025
+7%
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