MID-PACIFIC INSTITUTE
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$51,101,065
Program Services
88%
Investments
5%
Contributions
5%
Other
2%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$46,621,071
Salaries & Benefits
58%
Grants
17%
Other
8%
Depreciation
7%
Offices, Occupancy & IT
5%
Fees to Service Providers
4%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,658,740
$2,518,965
-46%
Government Grants
$5,964,200
$0
-100%
Fundraising Events
$22,340
$1,785
-92%
Program Services
$43,279,528
$44,963,758
+4%
Membership Dues
$0
$0
-
Investments
$1,874,396
$2,579,144
+38%
Other
$1,009,252
$1,037,413
+3%
Total Revenues
$56,808,456
$51,101,065
-10%
Expenses
2023
2024
Change
Grants
$6,930,674
$8,096,238
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$25,576,654
$27,019,737
+6%
Fees to Service Providers
$1,317,902
$1,849,612
+40%
Advertising & Promotion
$42,350
$24,437
-42%
Offices, Occupancy & IT
$2,427,499
$2,322,968
-4%
Interest
$228,292
$216,879
-5%
Depreciation
$2,943,993
$3,191,250
+8%
Other
$4,542,334
$3,899,950
-14%
Total Expenses
$44,009,698
$46,621,071
+6%
Net income
2023
2024
Change
Net income
+$12,798,758
+$4,479,994
-65%
Functional Expenses
Summary
2023
2024
Change
Program
$33,624,013
$35,749,245
+6%
Admin
$9,108,252
$9,498,721
+4%
Fundraising
$1,277,433
$1,373,105
+7%
Total Expenses
$44,009,698
$46,621,071
+6%
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