MEDTECH INNOVATOR
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,103,858
Contributions
98%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$5,671,866
Salaries & Benefits
58%
Grants
22%
Other
12%
Fees to Service Providers
4%
Offices, Occupancy & IT
2%
Advertising & Promotion
2%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$12,945,282
$2,052,545
-84%
Government Grants
$371,294
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$51,313
-
Other
$0
$0
-
Total Revenues
$13,316,576
$2,103,858
-84%
Expenses
2023
2024
Change
Grants
$826,500
$1,224,000
+48%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,268,352
$3,299,574
+45%
Fees to Service Providers
$103,275
$223,311
+116%
Advertising & Promotion
$89,271
$112,096
+26%
Offices, Occupancy & IT
$119,380
$139,458
+17%
Interest
$0
$0
-
Depreciation
$2,167
$5,982
+176%
Other
$535,309
$667,445
+25%
Total Expenses
$3,944,254
$5,671,866
+44%
Net income
2023
2024
Change
Net income
+$9,372,322
-$3,568,008
-138%
Functional Expenses
Summary
2023
2024
Change
Program
$3,482,701
$5,016,119
+44%
Admin
$327,846
$441,424
+35%
Fundraising
$133,707
$214,323
+60%
Total Expenses
$3,944,254
$5,671,866
+44%
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