Rochester Institute of Technology
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,155,931,634
Program Services
74%
Government Grants
16%
Other
3%
Investments
3%
Contributions
3%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$1,091,883,625
Salaries & Benefits
42%
Grants
37%
Offices, Occupancy & IT
7%
Fees to Service Providers
5%
Depreciation
4%
Other
3%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$23,982,208
$33,248,818
+39%
Government Grants
$165,856,848
$189,049,454
+14%
Fundraising Events
$46,985
$6,620
-86%
Program Services
$791,292,123
$853,734,205
+8%
Membership Dues
$0
$0
-
Investments
$31,262,297
$39,527,086
+26%
Other
$29,682,226
$40,365,451
+36%
Total Revenues
$1,042,122,687
$1,155,931,634
+11%
Expenses
2023
2024
Change
Grants
$368,558,209
$403,412,064
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$433,308,702
$460,329,753
+6%
Fees to Service Providers
$47,340,946
$53,026,680
+12%
Advertising & Promotion
$3,355,001
$3,713,834
+11%
Offices, Occupancy & IT
$73,552,222
$80,143,907
+9%
Interest
$10,544,383
$12,673,645
+20%
Depreciation
$38,907,649
$44,192,101
+14%
Other
$21,631,846
$34,391,641
+59%
Total Expenses
$997,198,958
$1,091,883,625
+9%
Net income
2023
2024
Change
Net income
+$44,923,729
+$64,048,009
+43%
Functional Expenses
Summary
2023
2024
Change
Program
$927,723,907
$1,013,344,928
+9%
Admin
$56,703,432
$65,090,154
+15%
Fundraising
$12,771,619
$13,448,543
+5%
Total Expenses
$997,198,958
$1,091,883,625
+9%
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