Logo for "Cornell University"

Cornell University

Cornell University

Ithaca, NY, US
501(c)(3)
EIN
15-0532082
School
Logo for "Cornell University"

Cornell University

Ithaca, NY, US
501(c)(3)
EIN
15-0532082
School

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$6,551,885,454

Program Services
79%
Contributions
9%
Other
8%
Investments
3%
Government Grants
<1%
Membership Dues
<1%
Fundraising Events
<1%
Expenses in 2024

$6,409,742,353

Salaries & Benefits
61%
Grants
15%
Fees to Service Providers
7%
Other
7%
Depreciation
5%
Offices, Occupancy & IT
4%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$589,016,496
$584,050,353
-1%
Government Grants
$17,989,182
$27,923,810
+55%
Fundraising Events
$57,150
$210,291
+268%
Program Services
$4,818,302,041
$5,190,508,667
+8%
Membership Dues
$299,499
$275,985
-8%
Investments
$171,825,100
$194,625,843
+13%
Other
$279,873,571
$554,290,505
+98%
Total Revenues
$5,877,363,039
$6,551,885,454
+11%
Expenses
2023
2024
Change
Grants
$864,656,142
$932,703,394
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,483,589,513
$3,913,115,851
+12%
Fees to Service Providers
$411,640,170
$453,808,329
+10%
Advertising & Promotion
$8,612,136
$23,666,629
+175%
Offices, Occupancy & IT
$286,865,580
$281,081,778
-2%
Interest
$60,432,115
$72,416,173
+20%
Depreciation
$307,074,917
$308,124,230
+0%
Other
$423,246,698
$424,825,969
+0%
Total Expenses
$5,846,117,271
$6,409,742,353
+10%
Net income
2023
2024
Change
Net income
+$31,245,768
+$142,143,101
+355%
Functional Expenses
Summary
2023
2024
Change
Program
$5,471,757,711
$5,988,166,573
+9%
Admin
$323,508,484
$364,373,800
+13%
Fundraising
$50,851,076
$57,201,980
+12%
Total Expenses
$5,846,117,271
$6,409,742,353
+10%
Income Statement
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