THE TRUSTEES OF MOUNT HOLYOKE COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$255,831,582
Program Services
69%
Other
13%
Contributions
13%
Investments
3%
Government Grants
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$265,136,935
Salaries & Benefits
41%
Grants
31%
Other
8%
Fees to Service Providers
8%
Depreciation
5%
Offices, Occupancy & IT
4%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$22,449,659
$32,714,030
+46%
Government Grants
$5,104,269
$4,014,947
-21%
Fundraising Events
$0
$0
-
Program Services
$161,061,284
$177,663,192
+10%
Membership Dues
$0
$0
-
Investments
$2,753,178
$8,446,633
+207%
Other
$92,548,359
$32,992,780
-64%
Total Revenues
$283,916,749
$255,831,582
-10%
Expenses
2023
2024
Change
Grants
$67,815,874
$83,259,627
+23%
Benefits to Members
$0
$0
-
Salaries & Benefits
$101,026,319
$108,965,640
+8%
Fees to Service Providers
$15,756,222
$20,875,343
+32%
Advertising & Promotion
$113,624
$103,989
-8%
Offices, Occupancy & IT
$11,396,168
$10,128,188
-11%
Interest
$5,233,942
$7,403,956
+41%
Depreciation
$11,578,510
$12,129,499
+5%
Other
$22,350,548
$22,270,693
0%
Total Expenses
$235,271,207
$265,136,935
+13%
Net income
2023
2024
Change
Net income
+$48,645,542
-$9,305,353
-119%
Functional Expenses
Summary
2023
2024
Change
Program
$199,134,915
$223,691,892
+12%
Admin
$28,703,001
$33,349,001
+16%
Fundraising
$7,433,291
$8,096,042
+9%
Total Expenses
$235,271,207
$265,136,935
+13%
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