Meridian Institute
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$38,072,483
Contributions
87%
Government Grants
10%
Other
1%
Program Services
1%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$38,681,914
Fees to Service Providers
60%
Salaries & Benefits
24%
Other
11%
Offices, Occupancy & IT
4%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$26,682,473
$32,956,760
+24%
Government Grants
$0
$3,679,423
-
Fundraising Events
$0
$0
-
Program Services
$6,376,787
$472,971
-93%
Membership Dues
$0
$0
-
Investments
$4,150
$415,826
+9920%
Other
$5,000
$547,503
+10850%
Total Revenues
$33,068,410
$38,072,483
+15%
Expenses
2023
2024
Change
Grants
$0
$50,000
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,692,363
$9,221,789
+20%
Fees to Service Providers
$20,057,878
$23,204,669
+16%
Advertising & Promotion
$0
$92,351
-
Offices, Occupancy & IT
$1,442,043
$1,685,267
+17%
Interest
$0
$0
-
Depreciation
$185,216
$203,750
+10%
Other
$2,189,740
$4,224,088
+93%
Total Expenses
$31,567,240
$38,681,914
+23%
Net income
2023
2024
Change
Net income
+$1,501,170
-$609,431
-141%
Functional Expenses
Summary
2023
2024
Change
Program
$30,161,704
$31,065,047
+3%
Admin
$1,405,536
$7,616,867
+442%
Fundraising
$0
$0
-
Total Expenses
$31,567,240
$38,681,914
+23%
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