MONMOUTH UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$282,566,733
Program Services
86%
Contributions
5%
Government Grants
5%
Other
3%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$264,233,676
Salaries & Benefits
44%
Grants
33%
Offices, Occupancy & IT
7%
Fees to Service Providers
6%
Other
5%
Depreciation
3%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$27,041,567
$14,230,067
-47%
Government Grants
$10,145,036
$13,774,044
+36%
Fundraising Events
$445,115
$462,715
+4%
Program Services
$229,979,635
$241,884,246
+5%
Membership Dues
$0
$0
-
Investments
$3,044,832
$5,077,167
+67%
Other
$4,173,819
$7,138,494
+71%
Total Revenues
$274,830,004
$282,566,733
+3%
Expenses
2023
2024
Change
Grants
$82,527,972
$87,953,338
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$119,294,936
$116,998,851
-2%
Fees to Service Providers
$15,036,075
$17,048,348
+13%
Advertising & Promotion
$2,335,832
$1,812,174
-22%
Offices, Occupancy & IT
$18,424,843
$18,381,711
0%
Interest
$182,659
$57,305
-69%
Depreciation
$12,001,305
$8,124,753
-32%
Other
$11,907,864
$13,857,196
+16%
Total Expenses
$261,711,486
$264,233,676
+1%
Net income
2023
2024
Change
Net income
+$13,118,518
+$18,333,057
+40%
Functional Expenses
Summary
2023
2024
Change
Program
$219,843,879
$224,276,607
+2%
Admin
$38,630,030
$37,216,296
-4%
Fundraising
$3,237,577
$2,740,773
-15%
Total Expenses
$261,711,486
$264,233,676
+1%
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