2018 JDRF Revenue and Expenses Overview
February 21, 2019
JDRF released their 2018 audited financial statements last week. Key takeaways are detailed in the bullets below.
JDRF is an extremely effective fundraising organization. It raised $227 million in 2018. See Appendix A.
Nearly all of JDRF's money comes from fundraising.
JDRF spent (expenses) $208 million in 2018, up from $193 million in 2017. See Appendix B.
37% of JDRF money spent in 2018 was used to fund research grants. The other 63% was used for non-grant expenses such as public education, lobbying, meetings, and salaries.
67% of money spent in 2008 was used to fund research grants, while only 33% was used for non-grant expenses.
$156 million was spent on research grants in 2008, compared to only $84 million in 2018— a remarkable decline of nearly 50%.
All non-research costs have increased (with the exception of office rent) in recent years. See Appendix C.
Payroll and Related expenses have increased by $31.2 million since 2008, up 62%.
Public Education expenses have increased by $20 million since 2008, up 55%.
JDRF has never explained nor justified the rationale behind the strategic shift that resulted in a 50% reduction in research spending levels over the past decade.
Appendix A: Sources of Income
Appendix B: JDRF Uses of Income (Expenses)
Appendix C: 2008 vs. 2018 Annual Spending Change (In Millions)