TOURO UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$99,301,539
Program Services
96%
Other
1%
Investments
1%
Contributions
<1%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$92,646,773
Salaries & Benefits
56%
Other
25%
Offices, Occupancy & IT
8%
Grants
5%
Advertising & Promotion
3%
Fees to Service Providers
2%
Depreciation
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,128,236
$750,517
-33%
Government Grants
$331,778
$488,317
+47%
Fundraising Events
$58,247
$85,794
+47%
Program Services
$92,781,945
$95,453,184
+3%
Membership Dues
$0
$0
-
Investments
$709,413
$1,221,910
+72%
Other
$309,644
$1,301,817
+320%
Total Revenues
$95,319,263
$99,301,539
+4%
Expenses
2023
2024
Change
Grants
$5,119,659
$4,605,264
-10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$48,067,309
$52,292,311
+9%
Fees to Service Providers
$953,231
$1,415,504
+48%
Advertising & Promotion
$2,867,036
$3,118,533
+9%
Offices, Occupancy & IT
$6,257,642
$6,984,940
+12%
Interest
$0
$0
-
Depreciation
$1,162,211
$1,025,429
-12%
Other
$23,117,569
$23,204,792
+0%
Total Expenses
$87,544,657
$92,646,773
+6%
Net income
2023
2024
Change
Net income
+$7,774,606
+$6,654,766
-14%
Functional Expenses
Summary
2023
2024
Change
Program
$75,287,754
$79,683,674
+6%
Admin
$11,083,804
$10,607,270
-4%
Fundraising
$1,173,099
$2,355,829
+101%
Total Expenses
$87,544,657
$92,646,773
+6%
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