GORDON COLLEGE
GORDON COLLEGE
GORDON COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$76,043,450
Program Services
75%
Contributions
16%
Investments
4%
Other
4%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$78,578,942
Salaries & Benefits
43%
Grants
21%
Offices, Occupancy & IT
14%
Fees to Service Providers
8%
Depreciation
6%
Other
6%
Advertising & Promotion
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$12,856,702
$12,491,821
-3%
Government Grants
$988,381
$74,416
-92%
Fundraising Events
$0
$0
-
Program Services
$55,608,078
$56,896,658
+2%
Membership Dues
$0
$0
-
Investments
$2,381,654
$3,419,371
+44%
Other
-$9,068,142
$3,161,184
-135%
Total Revenues
$62,766,673
$76,043,450
+21%
Expenses
2023
2024
Change
Grants
$15,874,631
$16,869,757
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$32,835,472
$33,693,384
+3%
Fees to Service Providers
$7,807,907
$6,183,801
-21%
Advertising & Promotion
$746,417
$811,662
+9%
Offices, Occupancy & IT
$7,738,819
$11,144,219
+44%
Interest
$0
$644,580
-
Depreciation
$4,620,024
$4,833,665
+5%
Other
$4,542,859
$4,397,874
-3%
Total Expenses
$74,166,129
$78,578,942
+6%
Net income
2023
2024
Change
Net income
-$11,399,456
-$2,535,492
+78%
Functional Expenses
Summary
2023
2024
Change
Program
$63,502,451
$65,872,923
+4%
Admin
$7,186,359
$8,341,267
+16%
Fundraising
$3,477,319
$4,364,752
+26%
Total Expenses
$74,166,129
$78,578,942
+6%
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