PACE UNIVERSITY
PACE UNIVERSITY
PACE UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$707,688,190
Program Services
91%
Government Grants
3%
Other
2%
Contributions
2%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$683,292,025
Salaries & Benefits
35%
Grants
34%
Offices, Occupancy & IT
17%
Other
6%
Depreciation
3%
Fees to Service Providers
2%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$35,343,238
$13,192,017
-63%
Government Grants
$15,880,130
$23,122,304
+46%
Fundraising Events
$1,851,549
$1,762,733
-5%
Program Services
$615,166,283
$647,121,351
+5%
Membership Dues
$0
$0
-
Investments
$5,985,253
$7,247,590
+21%
Other
$8,356,133
$15,242,195
+82%
Total Revenues
$682,582,586
$707,688,190
+4%
Expenses
2023
2024
Change
Grants
$224,885,069
$234,995,444
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$225,260,628
$240,587,923
+7%
Fees to Service Providers
$14,757,001
$14,617,154
-1%
Advertising & Promotion
$3,506,843
$3,433,553
-2%
Offices, Occupancy & IT
$99,949,124
$119,437,173
+19%
Interest
$8,607,499
$8,596,397
0%
Depreciation
$18,750,782
$20,316,973
+8%
Other
$42,426,395
$41,307,408
-3%
Total Expenses
$638,143,341
$683,292,025
+7%
Net income
2023
2024
Change
Net income
+$44,439,245
+$24,396,165
-45%
Functional Expenses
Summary
2023
2024
Change
Program
$562,303,355
$603,181,119
+7%
Admin
$67,675,953
$72,510,649
+7%
Fundraising
$8,164,033
$7,600,257
-7%
Total Expenses
$638,143,341
$683,292,025
+7%
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