Income Statement

Fiscal Year: 2025
Jul 1, 2024 – Jun 30, 2025
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Revenues in 2025
$3,292,589,454
Program Services
81%
Investments
16%
Other
3%
Government Grants
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$3,117,958,087
Salaries & Benefits
40%
Other
23%
Offices, Occupancy & IT
15%
Interest
8%
Fees to Service Providers
8%
Depreciation
6%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$4,623,450
$417,717
-91%
Government Grants
$1,745,298
$2,621,259
+50%
Fundraising Events
$0
$0
-
Program Services
$2,414,103,226
$2,662,569,515
+10%
Membership Dues
$0
$0
-
Investments
$353,875,741
$531,814,168
+50%
Other
$78,886,876
$95,166,795
+21%
Total Revenues
$2,853,234,591
$3,292,589,454
+15%
Expenses
2024
2025
Change
Grants
$8,160,416
$9,320,949
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,056,254,558
$1,255,435,192
+19%
Fees to Service Providers
$229,522,596
$239,535,265
+4%
Advertising & Promotion
$2,777,318
$1,707,611
-39%
Offices, Occupancy & IT
$415,436,582
$463,181,326
+11%
Interest
$274,734,635
$255,938,412
-7%
Depreciation
$178,209,965
$187,068,518
+5%
Other
$584,583,263
$705,770,814
+21%
Total Expenses
$2,749,679,333
$3,117,958,087
+13%
Net income
2024
2025
Change
Net income
+$103,555,258
+$174,631,367
+69%
Functional Expenses
Summary
2024
2025
Change
Program
$2,704,730,346
$3,045,318,162
+13%
Admin
$44,948,987
$72,639,925
+62%
Fundraising
$0
$0
-
Total Expenses
$2,749,679,333
$3,117,958,087
+13%