Rensselaer Polytechnic Institute
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$709,446,445
Program Services
73%
Government Grants
10%
Contributions
9%
Other
6%
Investments
3%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$703,203,246
Grants
41%
Salaries & Benefits
33%
Offices, Occupancy & IT
8%
Fees to Service Providers
6%
Depreciation
4%
Other
3%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$43,146,177
$60,967,755
+41%
Government Grants
$0
$68,976,765
-
Fundraising Events
$4,070
$5,035
+24%
Program Services
$573,154,872
$514,495,123
-10%
Membership Dues
$0
$0
-
Investments
$18,023,077
$22,275,919
+24%
Other
$32,244,875
$42,725,848
+33%
Total Revenues
$666,573,071
$709,446,445
+6%
Expenses
2023
2024
Change
Grants
$267,727,101
$289,617,738
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$213,638,058
$233,962,466
+10%
Fees to Service Providers
$40,670,493
$43,543,688
+7%
Advertising & Promotion
$279,199
$317,609
+14%
Offices, Occupancy & IT
$41,907,027
$58,410,186
+39%
Interest
$24,183,917
$23,275,120
-4%
Depreciation
$30,411,694
$30,466,729
+0%
Other
$23,781,006
$23,609,710
-1%
Total Expenses
$642,598,495
$703,203,246
+9%
Net income
2023
2024
Change
Net income
+$23,974,576
+$6,243,199
-74%
Functional Expenses
Summary
2023
2024
Change
Program
$577,613,426
$627,755,933
+9%
Admin
$59,378,447
$67,998,902
+15%
Fundraising
$5,606,622
$7,448,411
+33%
Total Expenses
$642,598,495
$703,203,246
+9%
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