## Fiscal Year 2024 Financial Results

Cato’s unaudited financial information for fiscal year 2024 (April 1, 2023, to March 31, 2024) is presented below. Operating revenue of $79,667,000 and operating expenses of $42,427,000 reflect an increase of 40 percent compared with prior year revenue and an increase of 10 percent compared with prior year expenses. The Cato Institute accepts no government funding and is committed to maximizing the resources entrusted to it. Contributions from individuals, foundations, and corporations make possible our ability to drive important policy debates toward individual liberty, limited government, free markets, and peace.

![Operating Revenue - Annual Report 2023](/sites/cato.org/files/styles/aside_mobile/public/2024-06/operating-revenue-ar23.png?itok=_AJ0L78i) 

![Operating Expenses - Annual Report 2023](/sites/cato.org/files/styles/aside_mobile/public/2024-06/operating-expenses-ar23.png?itok=tljDcFRF) 

##### Operating Revenue

Individual

$63,151,000

Foundation

$3,021,000

Corporate

$1,270,000

Program

$560,000

Other Income

$11,665,000

---

Total

$79,667,000

##### Operating Expenses

Program

$32,551,000

Management & 
General

$4,155,000

Development

$5,721,000

---

Total

$42,427,000

##### Assets

Cash & Equivalents

$44,347,000

Investments

$90,669,000

Fixed Assets

$31,923,000

Other Assets

$5,185,000

---

Total

$172,124,000

##### Liabilities and Net Assets

Liabilities

$2,143,000

Net Assets

$169,981,000

---

Total

$172,124,000

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