SOUTHERN UNIVERTY SYSTEM
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$21,014,026
Contributions
82%
Other
9%
Program Services
8%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$13,665,213
Other
83%
Offices, Occupancy & IT
7%
Salaries & Benefits
4%
Advertising & Promotion
3%
Fees to Service Providers
<1%
Grants
<1%
Interest
<1%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$223,080
$17,295,993
+7653%
Government Grants
$13,980,957
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$527,799
$1,709,436
+224%
Membership Dues
$608,065
$0
-100%
Investments
$889,843
$14,001
-98%
Other
$656,000
$1,994,596
+204%
Total Revenues
$16,885,744
$21,014,026
+24%
Expenses
2023
2024
Change
Grants
$0
$124,475
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$577,117
$541,983
-6%
Fees to Service Providers
$3,284,522
$135,313
-96%
Advertising & Promotion
$372,815
$444,592
+19%
Offices, Occupancy & IT
$1,667,467
$944,563
-43%
Interest
$1,093,776
$94,508
-91%
Depreciation
$285,184
$0
-100%
Other
$6,256,925
$11,379,779
+82%
Total Expenses
$13,537,806
$13,665,213
+1%
Net income
2023
2024
Change
Net income
+$3,347,938
+$7,348,813
+120%
Functional Expenses
Summary
2023
2024
Change
Program
$6,089,154
$7,005,412
+15%
Admin
$7,179,734
$5,908,052
-18%
Fundraising
$268,918
$751,749
+180%
Total Expenses
$13,537,806
$13,665,213
+1%
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