LONG ISLAND UNIVERSITY
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$466,457,134
Program Services
90%
Government Grants
5%
Investments
3%
Contributions
2%
Fundraising Events
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$417,295,965
Salaries & Benefits
39%
Grants
25%
Offices, Occupancy & IT
16%
Other
8%
Depreciation
5%
Fees to Service Providers
5%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$11,787,862
$8,528,802
-28%
Government Grants
$17,382,244
$24,871,236
+43%
Fundraising Events
$762,526
$1,018,372
+34%
Program Services
$406,035,482
$418,734,008
+3%
Membership Dues
$0
$0
-
Investments
$9,409,920
$12,935,434
+37%
Other
-$6,797,221
$369,282
-105%
Total Revenues
$438,580,813
$466,457,134
+6%
Expenses
2023
2024
Change
Grants
$101,338,640
$103,177,844
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$159,565,246
$163,670,355
+3%
Fees to Service Providers
$19,274,054
$20,371,066
+6%
Advertising & Promotion
$1,683,876
$2,309,462
+37%
Offices, Occupancy & IT
$67,182,978
$67,981,155
+1%
Interest
$3,795,061
$3,692,133
-3%
Depreciation
$20,241,104
$21,219,303
+5%
Other
$33,388,157
$34,874,647
+4%
Total Expenses
$406,469,116
$417,295,965
+3%
Net income
2023
2024
Change
Net income
+$32,111,697
+$49,161,169
+53%
Functional Expenses
Summary
2023
2024
Change
Program
$369,129,353
$376,840,959
+2%
Admin
$34,320,821
$36,794,428
+7%
Fundraising
$3,018,942
$3,660,578
+21%
Total Expenses
$406,469,116
$417,295,965
+3%
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