THE INDEPENDENT INSTITUTE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$6,514,941
Contributions
85%
Other
8%
Investments
6%
Program Services
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$6,603,018
Salaries & Benefits
52%
Fees to Service Providers
28%
Other
14%
Advertising & Promotion
3%
Offices, Occupancy & IT
2%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$8,421,321
$5,542,509
-34%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$59,636
$61,815
+4%
Membership Dues
$0
$0
-
Investments
$288,729
$396,970
+37%
Other
$271,534
$513,647
+89%
Total Revenues
$9,041,220
$6,514,941
-28%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,688,972
$3,434,649
+28%
Fees to Service Providers
$1,636,530
$1,823,198
+11%
Advertising & Promotion
$436,890
$230,860
-47%
Offices, Occupancy & IT
$40,253
$139,728
+247%
Interest
$14,994
$2,548
-83%
Depreciation
$79,438
$37,943
-52%
Other
$431,164
$934,092
+117%
Total Expenses
$5,328,241
$6,603,018
+24%
Net income
2024
2025
Change
Net income
+$3,712,979
-$88,077
-102%
Functional Expenses
Summary
2024
2025
Change
Program
$4,252,456
$5,118,051
+20%
Admin
$508,443
$674,733
+33%
Fundraising
$567,342
$810,234
+43%
Total Expenses
$5,328,241
$6,603,018
+24%
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