ELIZABETHTOWN COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$106,321,470
Program Services
86%
Contributions
8%
Government Grants
3%
Other
1%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$110,576,874
Salaries & Benefits
41%
Grants
31%
Other
14%
Depreciation
6%
Offices, Occupancy & IT
5%
Interest
2%
Advertising & Promotion
1%
Fees to Service Providers
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,487,704
$8,447,565
+30%
Government Grants
$1,198,538
$3,169,555
+164%
Fundraising Events
$7,789
$9,277
+19%
Program Services
$82,571,841
$91,938,265
+11%
Membership Dues
$0
$0
-
Investments
$1,313,081
$1,260,046
-4%
Other
$1,534,861
$1,496,762
-2%
Total Revenues
$93,113,814
$106,321,470
+14%
Expenses
2023
2024
Change
Grants
$29,120,084
$33,818,029
+16%
Benefits to Members
$0
$0
-
Salaries & Benefits
$43,260,429
$45,423,121
+5%
Fees to Service Providers
$286,498
$364,416
+27%
Advertising & Promotion
$1,155,792
$1,372,777
+19%
Offices, Occupancy & IT
$6,829,217
$5,398,513
-21%
Interest
$3,319,962
$2,123,011
-36%
Depreciation
$6,369,861
$6,165,027
-3%
Other
$16,941,065
$15,911,980
-6%
Total Expenses
$107,282,908
$110,576,874
+3%
Net income
2023
2024
Change
Net income
-$14,169,094
-$4,255,404
+70%
Functional Expenses
Summary
2023
2024
Change
Program
$94,303,272
$98,548,795
+5%
Admin
$11,251,215
$10,407,219
-8%
Fundraising
$1,728,421
$1,620,860
-6%
Total Expenses
$107,282,908
$110,576,874
+3%
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