MITCHELL COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$25,359,114
Program Services
88%
Contributions
6%
Other
5%
Investments
<1%
Fundraising Events
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$29,356,593
Salaries & Benefits
41%
Grants
24%
Other
12%
Fees to Service Providers
8%
Offices, Occupancy & IT
7%
Depreciation
6%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,619,028
$1,589,972
-2%
Government Grants
$517,548
$9,440
-98%
Fundraising Events
$5,670
$27,290
+381%
Program Services
$25,110,072
$22,284,683
-11%
Membership Dues
$0
$0
-
Investments
$9,137
$143,862
+1474%
Other
$870,108
$1,303,867
+50%
Total Revenues
$28,131,563
$25,359,114
-10%
Expenses
2023
2024
Change
Grants
$7,758,088
$6,930,291
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,027,277
$11,949,050
-1%
Fees to Service Providers
$2,098,273
$2,350,607
+12%
Advertising & Promotion
$58,275
$58,688
+1%
Offices, Occupancy & IT
$1,986,191
$2,122,778
+7%
Interest
$685,027
$672,229
-2%
Depreciation
$1,734,834
$1,671,849
-4%
Other
$3,326,180
$3,601,101
+8%
Total Expenses
$29,674,145
$29,356,593
-1%
Net income
2023
2024
Change
Net income
-$1,542,582
-$3,997,479
-159%
Functional Expenses
Summary
2023
2024
Change
Program
$20,994,771
$20,564,278
-2%
Admin
$8,120,443
$8,301,660
+2%
Fundraising
$558,931
$490,655
-12%
Total Expenses
$29,674,145
$29,356,593
-1%
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