FRANKLIN & MARSHALL COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$201,387,214
Program Services
78%
Other
10%
Contributions
8%
Investments
3%
Government Grants
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$193,452,587
Salaries & Benefits
37%
Grants
33%
Fees to Service Providers
9%
Other
8%
Depreciation
6%
Offices, Occupancy & IT
6%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$15,662,834
$15,737,270
+0%
Government Grants
$2,755,594
$3,221,687
+17%
Fundraising Events
$0
$0
-
Program Services
$154,655,819
$156,745,937
+1%
Membership Dues
$0
$0
-
Investments
$5,503,781
$5,934,343
+8%
Other
$8,373,150
$19,747,977
+136%
Total Revenues
$186,951,178
$201,387,214
+8%
Expenses
2023
2024
Change
Grants
$61,465,127
$63,927,630
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$71,105,009
$70,632,873
-1%
Fees to Service Providers
$17,081,350
$16,578,345
-3%
Advertising & Promotion
$123,714
$177,889
+44%
Offices, Occupancy & IT
$9,983,394
$10,865,526
+9%
Interest
$4,626,472
$4,382,796
-5%
Depreciation
$12,903,520
$12,346,150
-4%
Other
$12,651,691
$14,541,378
+15%
Total Expenses
$189,940,277
$193,452,587
+2%
Net income
2023
2024
Change
Net income
-$2,989,099
+$7,934,627
-365%
Functional Expenses
Summary
2023
2024
Change
Program
$145,541,657
$148,158,839
+2%
Admin
$39,346,418
$39,729,240
+1%
Fundraising
$5,052,202
$5,564,508
+10%
Total Expenses
$189,940,277
$193,452,587
+2%
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