IONA COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$194,178,098
Program Services
85%
Contributions
9%
Other
3%
Government Grants
2%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$198,656,772
Salaries & Benefits
38%
Grants
35%
Other
11%
Depreciation
5%
Offices, Occupancy & IT
4%
Fees to Service Providers
3%
Interest
2%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$18,156,630
$17,624,873
-3%
Government Grants
$4,209,958
$4,307,941
+2%
Fundraising Events
$653,635
$758,885
+16%
Program Services
$154,167,469
$164,244,011
+7%
Membership Dues
$0
$0
-
Investments
$426,061
$822,304
+93%
Other
$5,677,112
$6,420,084
+13%
Total Revenues
$183,290,865
$194,178,098
+6%
Expenses
2023
2024
Change
Grants
$64,378,913
$70,517,209
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$68,366,140
$75,188,406
+10%
Fees to Service Providers
$6,283,311
$6,611,116
+5%
Advertising & Promotion
$2,491,652
$2,517,282
+1%
Offices, Occupancy & IT
$9,420,175
$7,030,048
-25%
Interest
$4,509,332
$4,648,963
+3%
Depreciation
$9,460,920
$9,823,297
+4%
Other
$20,010,671
$22,320,451
+12%
Total Expenses
$184,921,114
$198,656,772
+7%
Net income
2023
2024
Change
Net income
-$1,630,249
-$4,478,674
-175%
Functional Expenses
Summary
2023
2024
Change
Program
$165,191,082
$178,409,502
+8%
Admin
$17,341,198
$17,672,381
+2%
Fundraising
$2,388,834
$2,574,889
+8%
Total Expenses
$184,921,114
$198,656,772
+7%
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