SUFFOLK UNIVERSITY
SUFFOLK UNIVERSITY
SUFFOLK UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$352,261,784
Program Services
92%
Other
3%
Contributions
2%
Government Grants
2%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$388,413,222
Salaries & Benefits
37%
Grants
34%
Offices, Occupancy & IT
12%
Other
7%
Depreciation
4%
Interest
4%
Advertising & Promotion
1%
Fees to Service Providers
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,466,751
$6,486,419
-38%
Government Grants
$10,259,383
$5,965,333
-42%
Fundraising Events
$263,060
$15,425
-94%
Program Services
$309,279,207
$324,786,614
+5%
Membership Dues
$0
$0
-
Investments
$5,315,295
$5,928,138
+12%
Other
$3,373,702
$9,079,855
+169%
Total Revenues
$338,957,398
$352,261,784
+4%
Expenses
2023
2024
Change
Grants
$121,238,206
$130,540,471
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$136,721,704
$142,842,725
+4%
Fees to Service Providers
$5,217,593
$4,999,780
-4%
Advertising & Promotion
$5,153,615
$5,802,046
+13%
Offices, Occupancy & IT
$42,421,656
$45,691,699
+8%
Interest
$14,268,933
$14,288,752
+0%
Depreciation
$17,533,483
$17,471,049
0%
Other
$27,943,363
$26,776,700
-4%
Total Expenses
$370,498,553
$388,413,222
+5%
Net income
2023
2024
Change
Net income
-$31,541,155
-$36,151,438
-15%
Functional Expenses
Summary
2023
2024
Change
Program
$321,280,468
$334,519,434
+4%
Admin
$45,986,341
$50,482,177
+10%
Fundraising
$3,231,744
$3,411,611
+6%
Total Expenses
$370,498,553
$388,413,222
+5%
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