BOWDOIN COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$369,776,000
Program Services
42%
Other
41%
Contributions
12%
Investments
4%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$296,467,000
Salaries & Benefits
47%
Grants
22%
Other
8%
Offices, Occupancy & IT
8%
Depreciation
6%
Interest
5%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$49,185,000
$44,697,000
-9%
Government Grants
$9,900,000
$3,582,000
-64%
Fundraising Events
$0
$53,000
-
Program Services
$149,509,000
$154,470,000
+3%
Membership Dues
$0
$0
-
Investments
$11,397,000
$15,323,000
+34%
Other
$135,257,000
$151,651,000
+12%
Total Revenues
$355,248,000
$369,776,000
+4%
Expenses
2023
2024
Change
Grants
$57,711,000
$65,651,000
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$131,188,000
$140,022,000
+7%
Fees to Service Providers
$9,606,000
$9,370,000
-2%
Advertising & Promotion
$135,000
$143,000
+6%
Offices, Occupancy & IT
$20,483,000
$22,439,000
+10%
Interest
$13,990,000
$14,635,000
+5%
Depreciation
$17,660,000
$19,021,000
+8%
Other
$24,602,000
$25,186,000
+2%
Total Expenses
$275,375,000
$296,467,000
+8%
Net income
2023
2024
Change
Net income
+$79,873,000
+$73,309,000
-8%
Functional Expenses
Summary
2023
2024
Change
Program
$233,800,000
$251,194,000
+7%
Admin
$33,003,000
$36,687,000
+11%
Fundraising
$8,572,000
$8,586,000
+0%
Total Expenses
$275,375,000
$296,467,000
+8%
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