NORTHEASTERN UNIVERSITY
NORTHEASTERN UNIVERSITY
NORTHEASTERN UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,982,345,642
Program Services
80%
Government Grants
9%
Contributions
7%
Other
2%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$2,758,750,001
Salaries & Benefits
43%
Grants
22%
Other
15%
Offices, Occupancy & IT
12%
Depreciation
5%
Fees to Service Providers
2%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$105,748,672
$195,897,481
+85%
Government Grants
$234,195,328
$263,202,884
+12%
Fundraising Events
$154,580
$159,365
+3%
Program Services
$2,184,496,503
$2,393,566,192
+10%
Membership Dues
$0
$0
-
Investments
$41,423,268
$56,903,742
+37%
Other
$20,208,652
$72,615,978
+259%
Total Revenues
$2,586,227,003
$2,982,345,642
+15%
Expenses
2023
2024
Change
Grants
$548,952,267
$599,728,669
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,012,908,380
$1,192,081,141
+18%
Fees to Service Providers
$37,723,640
$44,235,140
+17%
Advertising & Promotion
$27,043,687
$27,004,323
0%
Offices, Occupancy & IT
$295,467,190
$323,962,332
+10%
Interest
$40,586,928
$35,187,899
-13%
Depreciation
$120,052,117
$130,889,151
+9%
Other
$377,805,144
$405,661,346
+7%
Total Expenses
$2,460,539,353
$2,758,750,001
+12%
Net income
2023
2024
Change
Net income
+$125,687,650
+$223,595,641
+78%
Functional Expenses
Summary
2023
2024
Change
Program
$2,213,793,916
$2,493,507,338
+13%
Admin
$205,767,501
$220,299,506
+7%
Fundraising
$40,977,936
$44,943,157
+10%
Total Expenses
$2,460,539,353
$2,758,750,001
+12%
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