BAY PATH UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$67,333,575
Program Services
80%
Government Grants
12%
Contributions
4%
Investments
3%
Other
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$66,694,604
Salaries & Benefits
50%
Grants
19%
Other
10%
Fees to Service Providers
10%
Offices, Occupancy & IT
5%
Depreciation
3%
Advertising & Promotion
3%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,854,245
$2,436,034
+31%
Government Grants
$3,550,364
$8,105,143
+128%
Fundraising Events
$0
$390,894
-
Program Services
$54,755,472
$53,651,979
-2%
Membership Dues
$0
$0
-
Investments
$888,280
$1,790,976
+102%
Other
$633,464
$958,549
+51%
Total Revenues
$61,681,825
$67,333,575
+9%
Expenses
2023
2024
Change
Grants
$17,347,924
$12,477,168
-28%
Benefits to Members
$0
$0
-
Salaries & Benefits
$30,100,582
$33,062,096
+10%
Fees to Service Providers
$4,209,223
$6,513,340
+55%
Advertising & Promotion
$2,962,030
$2,164,135
-27%
Offices, Occupancy & IT
$2,535,132
$3,116,565
+23%
Interest
$465,224
$449,310
-3%
Depreciation
$2,233,102
$2,249,447
+1%
Other
$2,061,937
$6,662,543
+223%
Total Expenses
$61,915,154
$66,694,604
+8%
Net income
2023
2024
Change
Net income
-$233,329
+$638,971
-374%
Functional Expenses
Summary
2023
2024
Change
Program
$53,346,774
$55,965,661
+5%
Admin
$7,893,426
$9,924,865
+26%
Fundraising
$674,954
$804,078
+19%
Total Expenses
$61,915,154
$66,694,604
+8%
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