Simmons College of Kentucky Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$17,271,781
Government Grants
43%
Contributions
29%
Program Services
28%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$15,430,416
Salaries & Benefits
55%
Offices, Occupancy & IT
14%
Other
13%
Grants
10%
Depreciation
2%
Fees to Service Providers
2%
Advertising & Promotion
2%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,510,974
$5,001,654
+42%
Government Grants
$4,705,166
$7,471,190
+59%
Fundraising Events
$0
$0
-
Program Services
$3,599,212
$4,755,136
+32%
Membership Dues
$0
$0
-
Investments
$4,984
$6,077
+22%
Other
$323,399
$37,724
-88%
Total Revenues
$12,143,735
$17,271,781
+42%
Expenses
2023
2024
Change
Grants
$2,042,851
$1,592,353
-22%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,191,039
$8,487,565
+37%
Fees to Service Providers
$490,623
$326,356
-33%
Advertising & Promotion
$284,414
$323,794
+14%
Offices, Occupancy & IT
$1,994,417
$2,188,538
+10%
Interest
$93,197
$165,027
+77%
Depreciation
$247,083
$379,766
+54%
Other
$1,195,701
$1,967,017
+65%
Total Expenses
$12,539,325
$15,430,416
+23%
Net income
2023
2024
Change
Net income
-$395,590
+$1,841,365
-565%
Functional Expenses
Summary
2023
2024
Change
Program
$8,337,763
$10,476,709
+26%
Admin
$3,977,730
$4,839,496
+22%
Fundraising
$223,832
$114,211
-49%
Total Expenses
$12,539,325
$15,430,416
+23%
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