SYRACUSE UNIVERSITY
SYRACUSE UNIVERSITY
SYRACUSE UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,864,892,391
Program Services
87%
Contributions
6%
Other
4%
Investments
4%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$1,732,103,097
Salaries & Benefits
43%
Grants
26%
Offices, Occupancy & IT
10%
Other
9%
Depreciation
6%
Fees to Service Providers
3%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$95,137,395
$104,665,301
+10%
Government Grants
$0
$0
-
Fundraising Events
$204,568
$192,203
-6%
Program Services
$1,558,516,471
$1,616,454,854
+4%
Membership Dues
$0
$0
-
Investments
$39,235,872
$65,950,822
+68%
Other
$46,100,037
$77,629,211
+68%
Total Revenues
$1,739,194,343
$1,864,892,391
+7%
Expenses
2023
2024
Change
Grants
$434,775,766
$457,294,778
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$700,531,824
$752,709,038
+7%
Fees to Service Providers
$41,761,848
$58,878,993
+41%
Advertising & Promotion
$7,354,001
$6,973,078
-5%
Offices, Occupancy & IT
$138,749,459
$176,788,367
+27%
Interest
$25,514,313
$27,136,764
+6%
Depreciation
$87,537,112
$96,327,410
+10%
Other
$169,746,573
$155,994,669
-8%
Total Expenses
$1,605,970,896
$1,732,103,097
+8%
Net income
2023
2024
Change
Net income
+$133,223,447
+$132,789,294
0%
Functional Expenses
Summary
2023
2024
Change
Program
$1,533,135,748
$1,651,097,332
+8%
Admin
$48,833,096
$54,544,345
+12%
Fundraising
$24,002,052
$26,461,420
+10%
Total Expenses
$1,605,970,896
$1,732,103,097
+8%
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