Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024
$799,619,621
Government Grants
>99%
Program Services
<1%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$799,583,543
Grants
89%
Salaries & Benefits
9%
Offices, Occupancy & IT
<1%
Fees to Service Providers
<1%
Other
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$669,964,808
$794,307,963
+19%
Fundraising Events
$0
$0
-
Program Services
$3,331,660
$4,006,102
+20%
Membership Dues
$0
$0
-
Investments
$1,211,979
$1,305,556
+8%
Other
$0
$0
-
Total Revenues
$674,508,447
$799,619,621
+19%
Expenses
2023
2024
Change
Grants
$606,145,744
$712,958,844
+18%
Benefits to Members
$0
$0
-
Salaries & Benefits
$59,316,703
$73,609,368
+24%
Fees to Service Providers
$1,498,830
$3,242,607
+116%
Advertising & Promotion
$180,117
$233,807
+30%
Offices, Occupancy & IT
$5,969,359
$7,601,529
+27%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$1,398,335
$1,937,388
+39%
Total Expenses
$674,509,088
$799,583,543
+19%
Net income
2023
2024
Change
Net income
-$641
+$36,078
-5728%
Functional Expenses
Summary
2023
2024
Change
Program
$666,175,217
$787,857,321
+18%
Admin
$8,333,871
$11,726,222
+41%
Fundraising
$0
$0
-
Total Expenses
$674,509,088
$799,583,543
+19%