THOMAS COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$39,971,757
Program Services
74%
Contributions
11%
Government Grants
8%
Other
5%
Investments
3%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$38,938,070
Grants
37%
Salaries & Benefits
36%
Other
16%
Depreciation
5%
Offices, Occupancy & IT
3%
Advertising & Promotion
2%
Fees to Service Providers
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,105,697
$4,384,317
+41%
Government Grants
$2,474,401
$3,015,701
+22%
Fundraising Events
$12,040
$14,550
+21%
Program Services
$27,685,775
$29,406,258
+6%
Membership Dues
$0
$0
-
Investments
$1,078,696
$1,128,072
+5%
Other
$379,953
$2,022,859
+432%
Total Revenues
$34,736,562
$39,971,757
+15%
Expenses
2023
2024
Change
Grants
$12,337,605
$14,228,899
+15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,975,273
$13,847,524
+7%
Fees to Service Providers
$368,247
$549,189
+49%
Advertising & Promotion
$724,518
$759,510
+5%
Offices, Occupancy & IT
$924,872
$1,031,239
+12%
Interest
$331,440
$332,630
+0%
Depreciation
$2,028,905
$2,114,166
+4%
Other
$5,539,589
$6,074,913
+10%
Total Expenses
$35,230,449
$38,938,070
+11%
Net income
2023
2024
Change
Net income
-$493,887
+$1,033,687
-309%
Functional Expenses
Summary
2023
2024
Change
Program
$31,363,452
$34,342,796
+9%
Admin
$3,185,697
$3,631,154
+14%
Fundraising
$681,300
$964,120
+42%
Total Expenses
$35,230,449
$38,938,070
+11%
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