ELMIRA COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$36,926,278
Program Services
82%
Contributions
10%
Other
4%
Investments
2%
Government Grants
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$43,883,895
Salaries & Benefits
37%
Grants
28%
Other
19%
Depreciation
8%
Fees to Service Providers
4%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,524,973
$3,852,661
-15%
Government Grants
$734,654
$620,084
-16%
Fundraising Events
$0
$0
-
Program Services
$29,641,891
$30,133,027
+2%
Membership Dues
$0
$0
-
Investments
$658,340
$662,034
+1%
Other
$3,712,317
$1,658,472
-55%
Total Revenues
$39,272,175
$36,926,278
-6%
Expenses
2023
2024
Change
Grants
$12,375,549
$12,430,308
+0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,007,830
$16,164,979
+1%
Fees to Service Providers
$1,891,545
$1,974,173
+4%
Advertising & Promotion
$224,750
$224,707
0%
Offices, Occupancy & IT
$1,588,721
$1,317,121
-17%
Interest
$38,402
$103,422
+169%
Depreciation
$3,668,698
$3,490,551
-5%
Other
$7,463,514
$8,178,634
+10%
Total Expenses
$43,259,009
$43,883,895
+1%
Net income
2023
2024
Change
Net income
-$3,986,834
-$6,957,617
-75%
Functional Expenses
Summary
2023
2024
Change
Program
$31,926,349
$31,687,030
-1%
Admin
$10,189,719
$11,252,951
+10%
Fundraising
$1,142,941
$943,914
-17%
Total Expenses
$43,259,009
$43,883,895
+1%
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