MCPHS UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$351,899,896
Program Services
84%
Investments
12%
Other
2%
Government Grants
1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$295,156,173
Salaries & Benefits
51%
Grants
24%
Offices, Occupancy & IT
9%
Other
9%
Depreciation
4%
Fees to Service Providers
2%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,294,250
$684,342
-47%
Government Grants
$8,062,142
$3,984,513
-51%
Fundraising Events
$0
$0
-
Program Services
$296,016,435
$297,242,766
+0%
Membership Dues
$0
$0
-
Investments
$39,867,624
$41,231,756
+3%
Other
-$2,953,366
$8,756,519
-396%
Total Revenues
$342,287,085
$351,899,896
+3%
Expenses
2023
2024
Change
Grants
$69,673,730
$70,878,041
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$141,776,090
$150,361,198
+6%
Fees to Service Providers
$7,068,634
$6,043,816
-14%
Advertising & Promotion
$1,592,962
$1,687,340
+6%
Offices, Occupancy & IT
$26,972,998
$26,032,729
-3%
Interest
$2,048,260
$1,975,289
-4%
Depreciation
$12,049,352
$12,351,627
+3%
Other
$23,584,109
$25,826,133
+10%
Total Expenses
$284,766,135
$295,156,173
+4%
Net income
2023
2024
Change
Net income
+$57,520,950
+$56,743,723
-1%
Functional Expenses
Summary
2023
2024
Change
Program
$257,277,663
$267,971,142
+4%
Admin
$26,094,101
$26,119,089
+0%
Fundraising
$1,394,371
$1,065,942
-24%
Total Expenses
$284,766,135
$295,156,173
+4%
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