AVE MARIA UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$81,451,917
Program Services
65%
Contributions
23%
Other
9%
Investments
3%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$75,943,707
Salaries & Benefits
32%
Grants
28%
Other
14%
Offices, Occupancy & IT
11%
Depreciation
7%
Interest
4%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$16,459,667
$18,972,781
+15%
Government Grants
$283,415
$0
-100%
Fundraising Events
$201,286
$289,660
+44%
Program Services
$50,552,284
$52,807,163
+4%
Membership Dues
$0
$0
-
Investments
$1,271,021
$2,102,182
+65%
Other
$3,819,749
$7,280,131
+91%
Total Revenues
$72,587,422
$81,451,917
+12%
Expenses
2023
2024
Change
Grants
$20,056,071
$21,579,125
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,099,222
$24,153,968
+20%
Fees to Service Providers
$2,169,325
$1,910,709
-12%
Advertising & Promotion
$702,769
$417,653
-41%
Offices, Occupancy & IT
$8,007,389
$8,435,144
+5%
Interest
$5,028,208
$2,954,200
-41%
Depreciation
$4,646,787
$5,513,737
+19%
Other
$9,424,695
$10,979,171
+16%
Total Expenses
$70,134,466
$75,943,707
+8%
Net income
2023
2024
Change
Net income
+$2,452,956
+$5,508,210
+125%
Functional Expenses
Summary
2023
2024
Change
Program
$58,416,190
$64,884,721
+11%
Admin
$8,448,400
$7,329,540
-13%
Fundraising
$3,269,876
$3,729,446
+14%
Total Expenses
$70,134,466
$75,943,707
+8%
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