ALVERNIA UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$109,201,504
Program Services
89%
Government Grants
6%
Contributions
3%
Other
1%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$109,326,332
Grants
34%
Salaries & Benefits
31%
Fees to Service Providers
14%
Offices, Occupancy & IT
7%
Depreciation
6%
Other
5%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$11,542,956
$3,377,058
-71%
Government Grants
$5,688,919
$6,536,325
+15%
Fundraising Events
$30,100
$32,830
+9%
Program Services
$91,907,960
$97,112,205
+6%
Membership Dues
$0
$0
-
Investments
$851,670
$876,251
+3%
Other
$622,337
$1,266,835
+104%
Total Revenues
$110,643,942
$109,201,504
-1%
Expenses
2023
2024
Change
Grants
$34,570,461
$36,725,026
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$34,080,864
$33,931,820
0%
Fees to Service Providers
$12,311,128
$15,420,306
+25%
Advertising & Promotion
$1,252,465
$502,128
-60%
Offices, Occupancy & IT
$6,668,817
$7,910,488
+19%
Interest
$2,308,542
$2,230,644
-3%
Depreciation
$6,509,366
$6,979,996
+7%
Other
$7,046,007
$5,625,924
-20%
Total Expenses
$104,747,650
$109,326,332
+4%
Net income
2023
2024
Change
Net income
+$5,896,292
-$124,828
-102%
Functional Expenses
Summary
2023
2024
Change
Program
$88,090,847
$91,972,320
+4%
Admin
$15,069,540
$15,726,284
+4%
Fundraising
$1,587,263
$1,627,728
+3%
Total Expenses
$104,747,650
$109,326,332
+4%
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