Albert Einstein College of Medicine
Albert Einstein College of Medicine
Albert Einstein College of Medicine
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,476,385,707
Contributions
71%
Government Grants
17%
Program Services
8%
Investments
3%
Other
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$583,108,728
Salaries & Benefits
52%
Other
17%
Depreciation
9%
Grants
9%
Offices, Occupancy & IT
8%
Fees to Service Providers
4%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$59,842,311
$1,049,108,296
+1653%
Government Grants
$226,798,286
$243,795,175
+7%
Fundraising Events
$706,243
$708,808
+0%
Program Services
$112,420,751
$113,391,108
+1%
Membership Dues
$0
$0
-
Investments
$7,803,140
$44,156,241
+466%
Other
$3,868,392
$25,226,079
+552%
Total Revenues
$411,439,123
$1,476,385,707
+259%
Expenses
2023
2024
Change
Grants
$24,053,882
$50,101,238
+108%
Benefits to Members
$0
$0
-
Salaries & Benefits
$280,176,369
$302,403,127
+8%
Fees to Service Providers
$20,456,749
$20,940,049
+2%
Advertising & Promotion
$94,283
$102,324
+9%
Offices, Occupancy & IT
$42,908,964
$44,014,680
+3%
Interest
$14,835,691
$14,876,213
+0%
Depreciation
$46,719,229
$51,437,300
+10%
Other
$94,190,146
$99,233,797
+5%
Total Expenses
$523,435,313
$583,108,728
+11%
Net income
2023
2024
Change
Net income
-$111,996,190
+$893,276,979
-898%
Functional Expenses
Summary
2023
2024
Change
Program
$481,009,280
$542,088,604
+13%
Admin
$36,421,735
$34,109,024
-6%
Fundraising
$6,004,298
$6,911,100
+15%
Total Expenses
$523,435,313
$583,108,728
+11%
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