COLGATE UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$407,300,710
Program Services
64%
Other
16%
Contributions
16%
Investments
3%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$337,796,200
Salaries & Benefits
41%
Grants
26%
Other
13%
Fees to Service Providers
7%
Depreciation
6%
Interest
4%
Offices, Occupancy & IT
2%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$40,704,574
$65,322,538
+60%
Government Grants
$2,551,142
$2,371,479
-7%
Fundraising Events
$0
$0
-
Program Services
$252,119,850
$260,916,547
+3%
Membership Dues
$0
$0
-
Investments
$6,195,777
$13,252,259
+114%
Other
$48,432,572
$65,437,887
+35%
Total Revenues
$350,003,915
$407,300,710
+16%
Expenses
2023
2024
Change
Grants
$82,265,927
$88,856,139
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$133,327,130
$137,906,119
+3%
Fees to Service Providers
$25,397,397
$24,121,995
-5%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$7,944,980
$7,694,941
-3%
Interest
$10,840,263
$14,446,332
+33%
Depreciation
$19,487,077
$20,402,672
+5%
Other
$43,247,905
$44,368,002
+3%
Total Expenses
$322,510,679
$337,796,200
+5%
Net income
2023
2024
Change
Net income
+$27,493,236
+$69,504,510
+153%
Functional Expenses
Summary
2023
2024
Change
Program
$283,748,987
$297,135,937
+5%
Admin
$27,384,083
$28,555,983
+4%
Fundraising
$11,377,609
$12,104,280
+6%
Total Expenses
$322,510,679
$337,796,200
+5%
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