HOFSTRA UNIVERSITY
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$705,753,783
Program Services
83%
Contributions
7%
Investments
4%
Other
4%
Government Grants
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$642,149,237
Salaries & Benefits
47%
Grants
34%
Offices, Occupancy & IT
6%
Other
6%
Depreciation
4%
Fees to Service Providers
3%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$20,052,512
$46,456,138
+132%
Government Grants
$34,292,434
$10,893,769
-68%
Fundraising Events
$1,041,507
$1,114,613
+7%
Program Services
$558,683,921
$588,960,326
+5%
Membership Dues
$0
$0
-
Investments
$24,405,019
$29,369,756
+20%
Other
$15,039,752
$28,959,181
+93%
Total Revenues
$653,515,145
$705,753,783
+8%
Expenses
2023
2024
Change
Grants
$199,892,254
$215,520,565
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$291,882,812
$300,970,654
+3%
Fees to Service Providers
$17,805,370
$17,094,858
-4%
Advertising & Promotion
$1,277,245
$1,805,693
+41%
Offices, Occupancy & IT
$41,999,773
$40,025,745
-5%
Interest
$6,093,892
$6,433,660
+6%
Depreciation
$22,624,906
$24,561,862
+9%
Other
$35,835,610
$35,736,200
0%
Total Expenses
$617,411,862
$642,149,237
+4%
Net income
2023
2024
Change
Net income
+$36,103,283
+$63,604,546
+76%
Functional Expenses
Summary
2023
2024
Change
Program
$547,908,461
$572,204,251
+4%
Admin
$63,529,208
$63,448,970
0%
Fundraising
$5,974,193
$6,496,016
+9%
Total Expenses
$617,411,862
$642,149,237
+4%
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