Daemen College
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2025
$92,503,760
Program Services
85%
Contributions
7%
Other
4%
Government Grants
3%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$91,579,144
Salaries & Benefits
39%
Grants
32%
Other
9%
Offices, Occupancy & IT
8%
Fees to Service Providers
5%
Depreciation
5%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$4,324,650
$6,608,557
+53%
Government Grants
$1,832,394
$2,435,395
+33%
Fundraising Events
$97,891
$94,595
-3%
Program Services
$80,159,532
$78,926,041
-2%
Membership Dues
$0
$0
-
Investments
$853,755
$753,826
-12%
Other
$5,858,908
$3,685,346
-37%
Total Revenues
$93,127,130
$92,503,760
-1%
Expenses
2024
2025
Change
Grants
$31,762,756
$29,685,502
-7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$36,263,940
$35,881,748
-1%
Fees to Service Providers
$4,307,763
$4,767,266
+11%
Advertising & Promotion
$602,744
$601,263
0%
Offices, Occupancy & IT
$6,682,636
$7,210,040
+8%
Interest
$1,272,685
$1,377,807
+8%
Depreciation
$3,343,584
$4,216,744
+26%
Other
$8,528,184
$7,838,774
-8%
Total Expenses
$92,764,292
$91,579,144
-1%
Net income
2024
2025
Change
Net income
+$362,838
+$924,616
+155%
Functional Expenses
Summary
2024
2025
Change
Program
$85,268,768
$84,596,448
-1%
Admin
$6,921,840
$6,469,681
-7%
Fundraising
$573,684
$513,015
-11%
Total Expenses
$92,764,292
$91,579,144
-1%
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