Income Statement

Fiscal Year Start:
May 1
Revenues in 2025
$77,327,274
Investments
75%
Other
25%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2025
$223,601,039
Grants
92%
Fees to Service Providers
7%
Salaries & Benefits
<1%
Other
<1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2024
2025
Change
Contributions
$27,924,703
$0
-100%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$23,214,450
$58,376,431
+151%
Other
$11,145,305
$18,950,843
+70%
Total Revenues
$62,284,458
$77,327,274
+24%
Expenses
2024
2025
Change
Grants
$189,150,000
$206,750,000
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,665,196
$1,448,373
-13%
Fees to Service Providers
$9,354,277
$14,647,689
+57%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$175,944
$232,097
+32%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$314,539
$522,880
+66%
Total Expenses
$200,659,956
$223,601,039
+11%
Net income
2024
2025
Change
Net income
-$138,375,498
-$146,273,765
-6%
Functional Expenses
Summary
2024
2025
Change
Program
$189,798,955
$207,419,275
+9%
Admin
$10,861,001
$16,181,764
+49%
Fundraising
$0
$0
-
Total Expenses
$200,659,956
$223,601,039
+11%