NIAGARA UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$161,720,489
Program Services
86%
Investments
7%
Contributions
3%
Government Grants
3%
Other
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$165,850,416
Grants
37%
Salaries & Benefits
36%
Offices, Occupancy & IT
16%
Other
5%
Depreciation
3%
Interest
1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$9,618,014
$5,500,459
-43%
Government Grants
$3,173,472
$4,395,888
+39%
Fundraising Events
$209,602
$163,677
-22%
Program Services
$122,406,349
$138,635,359
+13%
Membership Dues
$0
$0
-
Investments
$5,470,522
$11,003,607
+101%
Other
$15,386,852
$2,021,499
-87%
Total Revenues
$156,264,811
$161,720,489
+3%
Expenses
2023
2024
Change
Grants
$55,487,806
$61,227,140
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$56,320,157
$59,512,145
+6%
Fees to Service Providers
$2,286,890
$1,247,908
-45%
Advertising & Promotion
$934,089
$706,109
-24%
Offices, Occupancy & IT
$22,030,841
$27,002,970
+23%
Interest
$2,090,210
$2,271,605
+9%
Depreciation
$5,447,908
$5,710,000
+5%
Other
$7,535,213
$8,172,539
+8%
Total Expenses
$152,133,114
$165,850,416
+9%
Net income
2023
2024
Change
Net income
+$4,131,697
-$4,129,927
-200%
Functional Expenses
Summary
2023
2024
Change
Program
$142,225,288
$157,137,045
+10%
Admin
$7,868,603
$7,684,568
-2%
Fundraising
$2,039,223
$1,028,803
-50%
Total Expenses
$152,133,114
$165,850,416
+9%
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