University of New England
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$303,386,239
Program Services
80%
Investments
6%
Government Grants
5%
Other
5%
Contributions
4%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$256,436,740
Salaries & Benefits
48%
Other
20%
Grants
18%
Offices, Occupancy & IT
5%
Depreciation
4%
Interest
2%
Advertising & Promotion
2%
Fees to Service Providers
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$11,913,100
$12,988,437
+9%
Government Grants
$15,470,245
$16,197,410
+5%
Fundraising Events
$0
$0
-
Program Services
$235,882,865
$241,361,757
+2%
Membership Dues
$0
$0
-
Investments
$13,622,319
$17,977,453
+32%
Other
$5,204,205
$14,861,182
+186%
Total Revenues
$282,092,734
$303,386,239
+8%
Expenses
2023
2024
Change
Grants
$47,295,244
$46,196,910
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$115,006,215
$124,034,173
+8%
Fees to Service Providers
$794,770
$1,228,336
+55%
Advertising & Promotion
$3,162,932
$4,041,088
+28%
Offices, Occupancy & IT
$13,353,820
$13,617,816
+2%
Interest
$5,314,212
$4,653,198
-12%
Depreciation
$11,570,574
$11,494,498
-1%
Other
$44,386,818
$51,170,721
+15%
Total Expenses
$240,884,585
$256,436,740
+6%
Net income
2023
2024
Change
Net income
+$41,208,149
+$46,949,499
+14%
Functional Expenses
Summary
2023
2024
Change
Program
$214,833,998
$226,247,124
+5%
Admin
$22,983,200
$26,948,415
+17%
Fundraising
$3,067,387
$3,241,201
+6%
Total Expenses
$240,884,585
$256,436,740
+6%
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