CONNECTICUT COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$191,785,000
Program Services
85%
Contributions
12%
Government Grants
2%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$199,623,000
Grants
36%
Salaries & Benefits
35%
Offices, Occupancy & IT
11%
Other
8%
Depreciation
5%
Fees to Service Providers
4%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$20,154,000
$22,961,000
+14%
Government Grants
$0
$3,149,000
-
Fundraising Events
$0
$0
-
Program Services
$158,057,000
$162,608,000
+3%
Membership Dues
$0
$0
-
Investments
$1,275,000
$1,838,000
+44%
Other
$2,578,000
$1,229,000
-52%
Total Revenues
$182,064,000
$191,785,000
+5%
Expenses
2023
2024
Change
Grants
$67,524,000
$72,315,000
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$68,327,000
$69,280,000
+1%
Fees to Service Providers
$9,227,000
$8,383,000
-9%
Advertising & Promotion
$103,000
$57,000
-45%
Offices, Occupancy & IT
$20,919,000
$21,658,000
+4%
Interest
$3,932,000
$3,512,000
-11%
Depreciation
$9,134,000
$9,199,000
+1%
Other
$12,883,000
$15,219,000
+18%
Total Expenses
$192,049,000
$199,623,000
+4%
Net income
2023
2024
Change
Net income
-$9,985,000
-$7,838,000
+22%
Functional Expenses
Summary
2023
2024
Change
Program
$163,813,000
$169,731,000
+4%
Admin
$21,262,000
$23,871,000
+12%
Fundraising
$6,974,000
$6,021,000
-14%
Total Expenses
$192,049,000
$199,623,000
+4%
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