LEBANON VALLEY COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$120,565,474
Program Services
89%
Contributions
4%
Government Grants
4%
Investments
2%
Other
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$119,674,656
Grants
46%
Salaries & Benefits
31%
Depreciation
6%
Fees to Service Providers
5%
Other
5%
Offices, Occupancy & IT
4%
Advertising & Promotion
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,992,604
$5,100,681
+2%
Government Grants
$2,884,445
$4,264,054
+48%
Fundraising Events
$45,730
$68,617
+50%
Program Services
$101,282,484
$107,717,343
+6%
Membership Dues
$0
$0
-
Investments
$1,356,365
$2,047,585
+51%
Other
$936,218
$1,367,194
+46%
Total Revenues
$111,497,846
$120,565,474
+8%
Expenses
2023
2024
Change
Grants
$50,837,218
$55,399,386
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$36,710,101
$36,913,794
+1%
Fees to Service Providers
$6,176,726
$6,507,741
+5%
Advertising & Promotion
$1,362,010
$1,461,828
+7%
Offices, Occupancy & IT
$4,980,602
$5,031,354
+1%
Interest
$699,394
$896,648
+28%
Depreciation
$6,799,380
$7,494,181
+10%
Other
$5,477,964
$5,969,724
+9%
Total Expenses
$113,043,395
$119,674,656
+6%
Net income
2023
2024
Change
Net income
-$1,545,549
+$890,818
-158%
Functional Expenses
Summary
2023
2024
Change
Program
$102,958,671
$109,075,094
+6%
Admin
$8,701,738
$9,304,492
+7%
Fundraising
$1,382,986
$1,295,070
-6%
Total Expenses
$113,043,395
$119,674,656
+6%
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