REGENTS OF THE MERCERSBURG COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$70,610,950
Program Services
46%
Contributions
34%
Other
11%
Investments
9%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$53,356,689
Salaries & Benefits
45%
Grants
17%
Other
14%
Offices, Occupancy & IT
8%
Depreciation
7%
Fees to Service Providers
5%
Interest
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$9,619,606
$24,078,237
+150%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$29,390,825
$32,187,993
+10%
Membership Dues
$0
$0
-
Investments
$5,487,530
$6,609,504
+20%
Other
$2,459,498
$7,735,216
+215%
Total Revenues
$46,957,459
$70,610,950
+50%
Expenses
2023
2024
Change
Grants
$7,779,563
$8,848,532
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$23,093,113
$24,257,131
+5%
Fees to Service Providers
$2,128,985
$2,591,690
+22%
Advertising & Promotion
$89,873
$96,661
+8%
Offices, Occupancy & IT
$3,788,761
$4,285,988
+13%
Interest
$2,181,821
$1,890,539
-13%
Depreciation
$3,467,936
$3,770,819
+9%
Other
$6,413,965
$7,615,329
+19%
Total Expenses
$48,944,017
$53,356,689
+9%
Net income
2023
2024
Change
Net income
-$1,986,558
+$17,254,261
-969%
Functional Expenses
Summary
2023
2024
Change
Program
$37,542,431
$40,092,769
+7%
Admin
$8,363,273
$9,283,518
+11%
Fundraising
$3,038,313
$3,980,402
+31%
Total Expenses
$48,944,017
$53,356,689
+9%
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