COLLEGE OF THE ATLANTIC
COLLEGE OF THE ATLANTIC
COLLEGE OF THE ATLANTIC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$29,623,992
Program Services
62%
Contributions
29%
Investments
5%
Other
2%
Government Grants
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$32,044,121
Salaries & Benefits
35%
Grants
33%
Other
20%
Depreciation
6%
Fees to Service Providers
3%
Interest
1%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,329,234
$8,736,332
+19%
Government Grants
$349,821
$512,114
+46%
Fundraising Events
$0
$0
-
Program Services
$18,744,811
$18,396,166
-2%
Membership Dues
$0
$0
-
Investments
$1,013,356
$1,351,586
+33%
Other
$565,651
$627,794
+11%
Total Revenues
$28,002,873
$29,623,992
+6%
Expenses
2023
2024
Change
Grants
$11,093,221
$10,511,314
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,211,699
$11,204,569
+10%
Fees to Service Providers
$1,169,360
$1,086,618
-7%
Advertising & Promotion
$62,366
$73,984
+19%
Offices, Occupancy & IT
$292,063
$323,986
+11%
Interest
$499,954
$463,996
-7%
Depreciation
$1,580,557
$1,901,733
+20%
Other
$5,336,228
$6,477,921
+21%
Total Expenses
$30,245,448
$32,044,121
+6%
Net income
2023
2024
Change
Net income
-$2,242,575
-$2,420,129
-8%
Functional Expenses
Summary
2023
2024
Change
Program
$25,611,021
$26,585,716
+4%
Admin
$3,517,074
$4,229,065
+20%
Fundraising
$1,117,353
$1,229,340
+10%
Total Expenses
$30,245,448
$32,044,121
+6%
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