SHIPPENSBURG UNIVERSITY FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$14,118,217
Contributions
60%
Program Services
34%
Investments
4%
Other
1%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$9,988,851
Other
39%
Salaries & Benefits
32%
Offices, Occupancy & IT
11%
Depreciation
8%
Fees to Service Providers
6%
Interest
5%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$9,435,209
$8,411,412
-11%
Government Grants
$0
$0
-
Fundraising Events
$146,513
$80,961
-45%
Program Services
$4,906,323
$4,850,542
-1%
Membership Dues
$0
$0
-
Investments
$473,014
$563,815
+19%
Other
$1,056,641
$211,487
-80%
Total Revenues
$16,017,700
$14,118,217
-12%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,993,498
$3,185,041
+6%
Fees to Service Providers
$469,850
$627,163
+33%
Advertising & Promotion
$18,288
$17,377
-5%
Offices, Occupancy & IT
$969,404
$1,052,499
+9%
Interest
$576,901
$486,796
-16%
Depreciation
$801,579
$765,421
-5%
Other
$3,610,439
$3,854,554
+7%
Total Expenses
$9,439,959
$9,988,851
+6%
Net income
2023
2024
Change
Net income
+$6,577,741
+$4,129,366
-37%
Functional Expenses
Summary
2023
2024
Change
Program
$6,824,545
$7,258,001
+6%
Admin
$2,118,725
$2,103,890
-1%
Fundraising
$496,689
$626,960
+26%
Total Expenses
$9,439,959
$9,988,851
+6%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)