Baylor Research Institute
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$84,907,337
Other
40%
Program Services
37%
Government Grants
19%
Contributions
2%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$78,415,673
Salaries & Benefits
64%
Fees to Service Providers
15%
Offices, Occupancy & IT
10%
Other
8%
Depreciation
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$844,181
$1,646,918
+95%
Government Grants
$18,110,364
$16,431,111
-9%
Fundraising Events
$0
$0
-
Program Services
$25,223,172
$31,290,840
+24%
Membership Dues
$0
$0
-
Investments
$237,575
$1,205,201
+407%
Other
$28,892,470
$34,333,267
+19%
Total Revenues
$73,307,762
$84,907,337
+16%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$46,735,984
$50,029,680
+7%
Fees to Service Providers
$16,830,025
$12,101,557
-28%
Advertising & Promotion
$84,902
$91,235
+7%
Offices, Occupancy & IT
$6,920,751
$7,798,207
+13%
Interest
$0
$0
-
Depreciation
$2,159,715
$1,746,590
-19%
Other
$3,933,725
$6,648,404
+69%
Total Expenses
$76,665,102
$78,415,673
+2%
Net income
2023
2024
Change
Net income
-$3,357,340
+$6,491,664
-293%
Functional Expenses
Summary
2023
2024
Change
Program
$68,427,156
$69,052,742
+1%
Admin
$8,237,946
$9,362,931
+14%
Fundraising
$0
$0
-
Total Expenses
$76,665,102
$78,415,673
+2%
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