Babson College
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$358,779,440
Program Services
76%
Contributions
12%
Other
6%
Government Grants
3%
Investments
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$324,301,654
Salaries & Benefits
47%
Grants
20%
Other
12%
Offices, Occupancy & IT
10%
Depreciation
6%
Advertising & Promotion
2%
Interest
2%
Fees to Service Providers
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$47,605,134
$44,014,746
-8%
Government Grants
$1,212,988
$10,823,192
+792%
Fundraising Events
$0
$0
-
Program Services
$269,429,722
$272,301,619
+1%
Membership Dues
$0
$0
-
Investments
$7,373,052
$9,364,322
+27%
Other
$18,393,475
$22,275,561
+21%
Total Revenues
$344,014,371
$358,779,440
+4%
Expenses
2023
2024
Change
Grants
$62,386,411
$63,420,928
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$137,974,297
$152,969,773
+11%
Fees to Service Providers
$2,806,714
$2,741,963
-2%
Advertising & Promotion
$8,545,995
$7,801,435
-9%
Offices, Occupancy & IT
$31,491,138
$33,556,644
+7%
Interest
$6,072,229
$5,273,051
-13%
Depreciation
$18,842,325
$19,196,799
+2%
Other
$37,344,977
$39,341,061
+5%
Total Expenses
$305,464,086
$324,301,654
+6%
Net income
2023
2024
Change
Net income
+$38,550,285
+$34,477,786
-11%
Functional Expenses
Summary
2023
2024
Change
Program
$262,708,597
$276,679,073
+5%
Admin
$31,318,538
$34,548,878
+10%
Fundraising
$11,436,951
$13,073,703
+14%
Total Expenses
$305,464,086
$324,301,654
+6%
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