SKIDMORE COLLEGE
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$292,647,632
Program Services
78%
Contributions
10%
Other
8%
Investments
3%
Government Grants
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$262,713,031
Salaries & Benefits
44%
Grants
28%
Other
13%
Depreciation
7%
Fees to Service Providers
4%
Interest
2%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$31,474,431
$30,375,865
-3%
Government Grants
$3,239,068
$3,786,457
+17%
Fundraising Events
$76,675
$22,140
-71%
Program Services
$215,666,058
$227,097,482
+5%
Membership Dues
$0
$0
-
Investments
$4,508,751
$7,782,946
+73%
Other
$14,451,876
$23,582,742
+63%
Total Revenues
$269,416,859
$292,647,632
+9%
Expenses
2023
2024
Change
Grants
$69,836,000
$73,411,000
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$107,759,426
$116,858,739
+8%
Fees to Service Providers
$9,979,420
$11,075,694
+11%
Advertising & Promotion
$887,016
$863,453
-3%
Offices, Occupancy & IT
$2,759,406
$3,176,890
+15%
Interest
$4,488,729
$4,310,791
-4%
Depreciation
$17,937,229
$18,937,714
+6%
Other
$32,905,058
$34,078,750
+4%
Total Expenses
$246,552,284
$262,713,031
+7%
Net income
2023
2024
Change
Net income
+$22,864,575
+$29,934,601
+31%
Functional Expenses
Summary
2023
2024
Change
Program
$207,064,331
$220,139,220
+6%
Admin
$33,229,951
$35,848,792
+8%
Fundraising
$6,258,002
$6,725,019
+7%
Total Expenses
$246,552,284
$262,713,031
+7%
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