Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2025
$659,035,578
Government Grants
98%
Program Services
2%
Investments
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2025
$659,048,699
Grants
88%
Salaries & Benefits
9%
Offices, Occupancy & IT
1%
Other
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2024
2025
Change
Contributions
$19,541
$23,181
+19%
Government Grants
$532,610,413
$643,470,102
+21%
Fundraising Events
$0
$0
-
Program Services
$10,743,792
$14,743,397
+37%
Membership Dues
$0
$0
-
Investments
$883,706
$798,898
-10%
Other
$13,078
$0
-100%
Total Revenues
$544,270,530
$659,035,578
+21%
Expenses
2024
2025
Change
Grants
$480,283,837
$580,187,577
+21%
Benefits to Members
$0
$0
-
Salaries & Benefits
$49,546,558
$58,472,259
+18%
Fees to Service Providers
$2,281,648
$5,225,051
+129%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$7,857,345
$9,399,778
+20%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$4,310,864
$5,764,034
+34%
Total Expenses
$544,280,252
$659,048,699
+21%
Net income
2024
2025
Change
Net income
-$9,722
-$13,121
-35%
Functional Expenses
Summary
2024
2025
Change
Program
$539,526,122
$652,385,489
+21%
Admin
$4,754,130
$6,663,210
+40%
Fundraising
$0
$0
-
Total Expenses
$544,280,252
$659,048,699
+21%