Trustees of Tufts College
Trustees of Tufts College
Trustees of Tufts College
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,389,784,787
Program Services
70%
Government Grants
15%
Contributions
8%
Other
5%
Investments
3%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$1,385,298,190
Salaries & Benefits
53%
Grants
16%
Offices, Occupancy & IT
10%
Other
7%
Fees to Service Providers
6%
Depreciation
5%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$122,372,035
$104,317,946
-15%
Government Grants
$219,006,610
$212,066,369
-3%
Fundraising Events
$218,180
$341,457
+57%
Program Services
$938,845,352
$969,339,328
+3%
Membership Dues
$0
$0
-
Investments
$28,652,433
$36,758,297
+28%
Other
$29,995,839
$66,961,390
+123%
Total Revenues
$1,339,090,449
$1,389,784,787
+4%
Expenses
2023
2024
Change
Grants
$215,359,131
$219,213,511
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$696,772,779
$738,788,577
+6%
Fees to Service Providers
$74,814,231
$79,711,342
+7%
Advertising & Promotion
$1,878,819
$2,262,759
+20%
Offices, Occupancy & IT
$128,123,472
$137,256,739
+7%
Interest
$39,842,235
$38,942,306
-2%
Depreciation
$78,199,704
$75,180,131
-4%
Other
$88,011,203
$93,942,825
+7%
Total Expenses
$1,323,001,574
$1,385,298,190
+5%
Net income
2023
2024
Change
Net income
+$16,088,875
+$4,486,597
-72%
Functional Expenses
Summary
2023
2024
Change
Program
$1,129,045,853
$1,176,811,224
+4%
Admin
$166,121,595
$179,886,695
+8%
Fundraising
$27,834,126
$28,600,271
+3%
Total Expenses
$1,323,001,574
$1,385,298,190
+5%
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