BENTLEY UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$384,725,127
Program Services
91%
Contributions
3%
Other
3%
Investments
2%
Government Grants
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$365,306,952
Salaries & Benefits
42%
Grants
32%
Other
8%
Fees to Service Providers
6%
Offices, Occupancy & IT
5%
Depreciation
5%
Advertising & Promotion
1%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,990,000
$10,448,000
+31%
Government Grants
$2,298,000
$4,019,000
+75%
Fundraising Events
$0
$0
-
Program Services
$327,178,000
$350,900,112
+7%
Membership Dues
$0
$0
-
Investments
$6,116,618
$8,951,338
+46%
Other
$4,155,613
$10,406,677
+150%
Total Revenues
$347,738,231
$384,725,127
+11%
Expenses
2023
2024
Change
Grants
$105,894,107
$118,120,472
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$139,237,157
$153,360,937
+10%
Fees to Service Providers
$8,851,442
$20,289,718
+129%
Advertising & Promotion
$3,342,607
$3,927,136
+17%
Offices, Occupancy & IT
$29,429,183
$19,950,216
-32%
Interest
$3,862,105
$3,721,887
-4%
Depreciation
$17,593,410
$18,344,885
+4%
Other
$25,461,525
$27,591,701
+8%
Total Expenses
$333,671,536
$365,306,952
+9%
Net income
2023
2024
Change
Net income
+$14,066,695
+$19,418,175
+38%
Functional Expenses
Summary
2023
2024
Change
Program
$288,725,180
$316,531,279
+10%
Admin
$39,599,919
$42,876,815
+8%
Fundraising
$5,346,437
$5,898,858
+10%
Total Expenses
$333,671,536
$365,306,952
+9%
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