Hobart and William Smith Colleges
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$193,392,614
Program Services
65%
Contributions
26%
Government Grants
6%
Investments
2%
Other
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$184,349,806
Grants
38%
Salaries & Benefits
31%
Offices, Occupancy & IT
9%
Fees to Service Providers
8%
Other
8%
Depreciation
4%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$18,924,178
$49,894,653
+164%
Government Grants
$3,167,733
$11,321,388
+257%
Fundraising Events
$0
$0
-
Program Services
$119,079,858
$125,690,944
+6%
Membership Dues
$0
$0
-
Investments
$3,888,378
$4,490,082
+15%
Other
$3,574,894
$1,995,547
-44%
Total Revenues
$148,635,041
$193,392,614
+30%
Expenses
2023
2024
Change
Grants
$63,260,847
$70,619,791
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$52,687,946
$57,998,987
+10%
Fees to Service Providers
$13,744,238
$15,265,640
+11%
Advertising & Promotion
$69,320
$134,375
+94%
Offices, Occupancy & IT
$16,267,913
$16,173,673
-1%
Interest
$2,492,271
$2,418,615
-3%
Depreciation
$7,503,486
$7,316,708
-2%
Other
$13,546,476
$14,422,017
+6%
Total Expenses
$169,572,497
$184,349,806
+9%
Net income
2023
2024
Change
Net income
-$20,937,456
+$9,042,808
-143%
Functional Expenses
Summary
2023
2024
Change
Program
$148,884,270
$158,325,224
+6%
Admin
$16,461,300
$21,392,018
+30%
Fundraising
$4,226,927
$4,632,564
+10%
Total Expenses
$169,572,497
$184,349,806
+9%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)