NICHOLS COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$61,075,482
Program Services
93%
Contributions
3%
Investments
2%
Other
2%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$65,692,348
Grants
35%
Salaries & Benefits
31%
Other
16%
Offices, Occupancy & IT
7%
Depreciation
7%
Fees to Service Providers
2%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,198,178
$1,921,888
-63%
Government Grants
$171,851
$178,572
+4%
Fundraising Events
$41,390
$44,398
+7%
Program Services
$54,236,599
$56,828,568
+5%
Membership Dues
$0
$0
-
Investments
$1,068,991
$1,104,144
+3%
Other
$11,121
$997,912
+8873%
Total Revenues
$60,728,130
$61,075,482
+1%
Expenses
2023
2024
Change
Grants
$21,583,487
$22,839,017
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,307,638
$20,617,277
+7%
Fees to Service Providers
$836,817
$1,326,202
+58%
Advertising & Promotion
$502,439
$342,201
-32%
Offices, Occupancy & IT
$5,026,885
$4,912,446
-2%
Interest
$921,269
$886,259
-4%
Depreciation
$4,768,214
$4,555,349
-4%
Other
$10,886,714
$10,213,597
-6%
Total Expenses
$63,833,463
$65,692,348
+3%
Net income
2023
2024
Change
Net income
-$3,105,333
-$4,616,866
-49%
Functional Expenses
Summary
2023
2024
Change
Program
$54,740,422
$55,636,461
+2%
Admin
$7,896,836
$8,922,574
+13%
Fundraising
$1,196,205
$1,133,313
-5%
Total Expenses
$63,833,463
$65,692,348
+3%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)