CARLETON UNIVERSITY
Income Statement
Fiscal Year Start:
May 1
Revenues in 2025
$586,364,620
Program Services
63%
Government Grants
23%
Investments
8%
Contributions
7%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2025
$612,601,574
Salaries & Benefits
61%
Other
15%
Offices, Occupancy & IT
8%
Grants
7%
Depreciation
5%
Fees to Service Providers
2%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$19,796,428
$41,308,232
+109%
Government Grants
$134,649,904
$132,514,136
-2%
Fundraising Events
$0
$0
-
Program Services
$379,071,267
$368,361,348
-3%
Membership Dues
$0
$0
-
Investments
$26,930,146
$44,180,904
+64%
Other
$0
$0
-
Total Revenues
$560,447,745
$586,364,620
+5%
Expenses
2024
2025
Change
Grants
$41,543,696
$40,849,741
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$376,732,194
$375,002,848
0%
Fees to Service Providers
$15,505,939
$14,278,934
-8%
Advertising & Promotion
$1,872,645
$1,776,279
-5%
Offices, Occupancy & IT
$52,906,880
$51,096,327
-3%
Interest
$1,626,068
$3,578,129
+120%
Depreciation
$31,054,359
$32,897,749
+6%
Other
$70,229,706
$93,121,567
+33%
Total Expenses
$591,471,487
$612,601,574
+4%
Net income
2024
2025
Change
Net income
-$31,023,742
-$26,236,954
+15%
Functional Expenses
Summary
2024
2025
Change
Program
$562,579,782
$584,025,716
+4%
Admin
$24,365,666
$24,384,071
+0%
Fundraising
$4,526,039
$4,191,787
-7%
Total Expenses
$591,471,487
$612,601,574
+4%
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