THE TRUSTEES OF THE SMITH COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$390,094,960
Program Services
58%
Other
20%
Contributions
13%
Investments
8%
Government Grants
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$411,554,361
Salaries & Benefits
41%
Grants
27%
Other
10%
Depreciation
6%
Fees to Service Providers
6%
Offices, Occupancy & IT
5%
Interest
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$55,420,987
$48,786,715
-12%
Government Grants
$12,515,859
$5,510,691
-56%
Fundraising Events
$0
$0
-
Program Services
$216,879,596
$227,422,537
+5%
Membership Dues
$0
$0
-
Investments
$34,725,519
$31,280,613
-10%
Other
$267,945,861
$77,094,404
-71%
Total Revenues
$587,487,822
$390,094,960
-34%
Expenses
2023
2024
Change
Grants
$102,401,956
$111,534,615
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$160,387,862
$167,850,733
+5%
Fees to Service Providers
$22,508,952
$24,469,822
+9%
Advertising & Promotion
$184,660
$174,652
-5%
Offices, Occupancy & IT
$23,330,778
$21,667,615
-7%
Interest
$20,046,213
$18,000,900
-10%
Depreciation
$21,380,037
$25,178,810
+18%
Other
$35,409,025
$42,677,214
+21%
Total Expenses
$385,649,483
$411,554,361
+7%
Net income
2023
2024
Change
Net income
+$201,838,339
-$21,459,401
-111%
Functional Expenses
Summary
2023
2024
Change
Program
$314,569,837
$334,453,750
+6%
Admin
$64,798,181
$70,620,775
+9%
Fundraising
$6,281,465
$6,479,836
+3%
Total Expenses
$385,649,483
$411,554,361
+7%
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