MERCY COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$202,668,228
Program Services
87%
Government Grants
6%
Other
3%
Investments
2%
Contributions
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$205,782,061
Salaries & Benefits
45%
Grants
19%
Offices, Occupancy & IT
11%
Other
9%
Fees to Service Providers
8%
Depreciation
5%
Advertising & Promotion
2%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,866,872
$1,808,969
-37%
Government Grants
$22,510,006
$12,462,383
-45%
Fundraising Events
$400,306
$212,239
-47%
Program Services
$169,179,632
$177,257,477
+5%
Membership Dues
$0
$0
-
Investments
$3,359,899
$4,513,982
+34%
Other
$4,001,338
$6,413,178
+60%
Total Revenues
$202,318,053
$202,668,228
+0%
Expenses
2023
2024
Change
Grants
$35,281,915
$39,650,901
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$89,243,002
$92,997,163
+4%
Fees to Service Providers
$12,380,943
$15,673,703
+27%
Advertising & Promotion
$3,419,831
$3,576,888
+5%
Offices, Occupancy & IT
$24,067,615
$23,112,339
-4%
Interest
$2,027,840
$1,988,407
-2%
Depreciation
$10,240,654
$10,119,698
-1%
Other
$19,187,348
$18,662,962
-3%
Total Expenses
$195,849,148
$205,782,061
+5%
Net income
2023
2024
Change
Net income
+$6,468,905
-$3,113,833
-148%
Functional Expenses
Summary
2023
2024
Change
Program
$156,584,709
$166,261,940
+6%
Admin
$36,936,387
$37,422,310
+1%
Fundraising
$2,328,052
$2,097,811
-10%
Total Expenses
$195,849,148
$205,782,061
+5%
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