CHESTNUT HILL COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$51,197,650
Program Services
80%
Contributions
15%
Other
2%
Investments
1%
Government Grants
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$52,111,900
Grants
34%
Salaries & Benefits
33%
Other
13%
Offices, Occupancy & IT
11%
Fees to Service Providers
5%
Depreciation
3%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$18,367,711
$7,728,846
-58%
Government Grants
$989,047
$637,569
-36%
Fundraising Events
$0
$0
-
Program Services
$42,375,072
$40,846,219
-4%
Membership Dues
$0
$0
-
Investments
$356,561
$713,451
+100%
Other
$2,140,904
$1,271,565
-41%
Total Revenues
$64,229,295
$51,197,650
-20%
Expenses
2023
2024
Change
Grants
$18,196,481
$17,896,921
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,374,775
$16,972,150
-2%
Fees to Service Providers
$2,806,658
$2,377,315
-15%
Advertising & Promotion
$161,385
$38,212
-76%
Offices, Occupancy & IT
$5,713,337
$5,489,514
-4%
Interest
$1,266,100
$1,078,300
-15%
Depreciation
$1,644,189
$1,630,346
-1%
Other
$6,515,805
$6,629,142
+2%
Total Expenses
$53,678,730
$52,111,900
-3%
Net income
2023
2024
Change
Net income
+$10,550,565
-$914,250
-109%
Functional Expenses
Summary
2023
2024
Change
Program
$47,361,714
$46,388,813
-2%
Admin
$5,093,110
$4,763,905
-6%
Fundraising
$1,223,906
$959,182
-22%
Total Expenses
$53,678,730
$52,111,900
-3%
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