REED INSTITUTE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$204,695,513
Program Services
57%
Other
24%
Contributions
16%
Investments
1%
Government Grants
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$158,238,547
Salaries & Benefits
44%
Grants
26%
Fees to Service Providers
10%
Offices, Occupancy & IT
8%
Other
5%
Depreciation
5%
Interest
3%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$20,522,487
$31,985,363
+56%
Government Grants
$3,916,065
$2,658,676
-32%
Fundraising Events
$0
$0
-
Program Services
$114,923,252
$117,016,245
+2%
Membership Dues
$0
$0
-
Investments
$1,662,915
$2,903,247
+75%
Other
$9,328,741
$50,131,982
+437%
Total Revenues
$150,353,460
$204,695,513
+36%
Expenses
2023
2024
Change
Grants
$37,455,093
$41,032,815
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$68,079,418
$68,971,326
+1%
Fees to Service Providers
$17,899,858
$15,546,483
-13%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$11,660,518
$12,043,373
+3%
Interest
$4,982,650
$5,030,004
+1%
Depreciation
$6,990,347
$7,276,260
+4%
Other
$5,061,816
$8,338,286
+65%
Total Expenses
$152,129,700
$158,238,547
+4%
Net income
2023
2024
Change
Net income
-$1,776,240
+$46,456,966
-2715%
Functional Expenses
Summary
2023
2024
Change
Program
$136,134,446
$139,503,029
+2%
Admin
$10,455,867
$12,714,662
+22%
Fundraising
$5,539,387
$6,020,856
+9%
Total Expenses
$152,129,700
$158,238,547
+4%
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