TOURO COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$382,656,910
Program Services
89%
Other
6%
Government Grants
2%
Contributions
1%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$393,548,522
Salaries & Benefits
54%
Offices, Occupancy & IT
16%
Other
12%
Grants
9%
Depreciation
5%
Fees to Service Providers
2%
Advertising & Promotion
2%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$13,810,147
$5,358,316
-61%
Government Grants
$14,551,513
$6,189,092
-57%
Fundraising Events
$588,159
$539,480
-8%
Program Services
$309,848,108
$342,128,387
+10%
Membership Dues
$0
$0
-
Investments
$3,519,565
$4,538,812
+29%
Other
$24,948,168
$23,902,823
-4%
Total Revenues
$367,265,660
$382,656,910
+4%
Expenses
2023
2024
Change
Grants
$38,765,388
$34,855,892
-10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$195,045,347
$213,948,362
+10%
Fees to Service Providers
$7,652,685
$8,456,498
+11%
Advertising & Promotion
$6,708,308
$7,224,760
+8%
Offices, Occupancy & IT
$61,051,424
$63,855,790
+5%
Interest
$0
$0
-
Depreciation
$17,205,074
$17,875,614
+4%
Other
$38,470,054
$47,331,606
+23%
Total Expenses
$364,898,280
$393,548,522
+8%
Net income
2023
2024
Change
Net income
+$2,367,380
-$10,891,612
-560%
Functional Expenses
Summary
2023
2024
Change
Program
$329,352,847
$356,659,764
+8%
Admin
$31,750,973
$30,748,022
-3%
Fundraising
$3,794,460
$6,140,736
+62%
Total Expenses
$364,898,280
$393,548,522
+8%
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