Page 21 - Mises Institute Annual Report 2020
P. 21

The Mises Institute finished 2020 in a strong financial position, despite the terrible financial ravages of covid lockdowns and a worldwide economic recession. We are profoundly grateful to our donors and deeply appreciate your commitment to our mission.
Total contributions in 2020 were bolstered by a handful of large bequests. But fundraising also rose nearly 20 percent over the previous year. We slightly adjusted spending
at the end of the year to
make important repairs and improvements to our buildings and grounds. We also made improvements to our website and bookstore.
Our balance sheet also strengthened, primarily due
to the overall rise in precious metals prices over the year.
We hold both physical metals and shares in investment funds closely tied to gold, silver,
and other commodity prices. These investment holdings mostly accrued through in- kind donations. Over the years many donors have chosen
to contribute gold and silver bullion, along with coins and numismatic collectibles, to
the Institute. Others have donated mining stocks, shares in exchange-traded funds tied to precious metals indices, and similar securities. As advocates of sound money, our approach has been to hold rather than sell such donations.
 Financials
FISCAL YEAR 2020 OPERATING REVENUE
Contributions
Book Sales
Program Service Revenue Other Income
TOTAL:
FISCAL YEAR 2020 OPERATING EXPENSES
Programs
Management & General Development
TOTAL:
ASSETS AND LIABILITIES
Current Assets Fixed Assets Investments Other Assets Liabilities
NET ASSETS:
OPERATING REVENUE
94% CONTRIBUTIONS
3% BOOK SALES
2% OTHER INCOME
1% PROGRAM SERVICE REVENUE
$12,992,507 $403,085 $112,554 $344,508 $13,852,654
$4,202,412 $535,291 $468,836
$5,206,540
$3,104,390
          OPERATING
 REVENUE
94% CONTRIBUTIONS 3% BOOK SALES
$4,158,483
 $31,690,183
 $1,291,604
2% OTHER INCOME
1% PROGRAM $530,042
SERVICE REVENUE
$40,774,702
OPERATING EXPENSES
81% PROGRAMS 10% MANAGEMENT
AND GENERAL 9% DEVELOPMENT
     OPERATING
2020 ANNUAL REPORT | 21
        EXPENSES



















































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