UTICA UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$94,456,826
Program Services
90%
Government Grants
4%
Contributions
3%
Other
3%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$109,731,138
Salaries & Benefits
47%
Grants
18%
Other
14%
Offices, Occupancy & IT
7%
Depreciation
5%
Fees to Service Providers
5%
Interest
2%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,547,001
$3,113,921
-32%
Government Grants
$3,280,271
$3,528,971
+8%
Fundraising Events
$0
$0
-
Program Services
$79,519,539
$84,902,964
+7%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$2,439,381
$2,910,970
+19%
Total Revenues
$89,786,192
$94,456,826
+5%
Expenses
2023
2024
Change
Grants
$16,742,639
$19,989,079
+19%
Benefits to Members
$0
$0
-
Salaries & Benefits
$51,785,824
$51,922,556
+0%
Fees to Service Providers
$4,526,614
$5,276,821
+17%
Advertising & Promotion
$703,120
$1,437,934
+105%
Offices, Occupancy & IT
$7,799,610
$8,035,738
+3%
Interest
$1,720,470
$1,701,153
-1%
Depreciation
$5,891,199
$5,801,403
-2%
Other
$16,518,222
$15,566,454
-6%
Total Expenses
$105,687,698
$109,731,138
+4%
Net income
2023
2024
Change
Net income
-$15,901,506
-$15,274,312
+4%
Functional Expenses
Summary
2023
2024
Change
Program
$87,900,212
$93,040,972
+6%
Admin
$14,913,429
$14,161,574
-5%
Fundraising
$2,874,057
$2,528,592
-12%
Total Expenses
$105,687,698
$109,731,138
+4%
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