METROPOLITAN COLLEGE OF NEW YORK
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$20,160,922
Program Services
82%
Investments
7%
Government Grants
6%
Other
3%
Contributions
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$26,901,550
Salaries & Benefits
39%
Other
27%
Grants
11%
Fees to Service Providers
9%
Depreciation
7%
Advertising & Promotion
4%
Offices, Occupancy & IT
2%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$253,006
$312,080
+23%
Government Grants
$1,511,020
$1,303,971
-14%
Fundraising Events
$0
$0
-
Program Services
$16,330,186
$16,558,683
+1%
Membership Dues
$0
$0
-
Investments
$837,882
$1,481,064
+77%
Other
$188,189
$505,124
+168%
Total Revenues
$19,120,283
$20,160,922
+5%
Expenses
2023
2024
Change
Grants
$2,325,209
$2,891,178
+24%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,141,844
$10,580,609
+4%
Fees to Service Providers
$2,387,696
$2,354,153
-1%
Advertising & Promotion
$1,149,359
$1,033,552
-10%
Offices, Occupancy & IT
$1,028,981
$631,765
-39%
Interest
$54,870
$71,734
+31%
Depreciation
$1,944,576
$1,968,458
+1%
Other
$7,252,599
$7,370,101
+2%
Total Expenses
$26,285,134
$26,901,550
+2%
Net income
2023
2024
Change
Net income
-$7,164,851
-$6,740,628
+6%
Functional Expenses
Summary
2023
2024
Change
Program
$18,679,943
$18,142,536
-3%
Admin
$6,925,685
$7,948,153
+15%
Fundraising
$679,506
$810,861
+19%
Total Expenses
$26,285,134
$26,901,550
+2%
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