Queen's University at Kingston
Income Statement
Fiscal Year Start:
May 1
Revenues in 2025
$882,649,356
Program Services
53%
Government Grants
32%
Investments
13%
Contributions
2%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2025
$842,967,515
Salaries & Benefits
55%
Other
16%
Grants
8%
Offices, Occupancy & IT
7%
Fees to Service Providers
7%
Depreciation
5%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$18,800,670
$20,006,298
+6%
Government Grants
$280,520,635
$282,081,146
+1%
Fundraising Events
$0
$0
-
Program Services
$484,595,048
$466,605,155
-4%
Membership Dues
$0
$0
-
Investments
$110,530,193
$113,956,757
+3%
Other
$0
$0
-
Total Revenues
$894,446,546
$882,649,356
-1%
Expenses
2024
2025
Change
Grants
$69,650,412
$70,142,529
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$464,584,281
$464,462,404
0%
Fees to Service Providers
$53,531,193
$56,548,291
+6%
Advertising & Promotion
$4,120,166
$3,979,370
-3%
Offices, Occupancy & IT
$53,701,794
$58,711,292
+9%
Interest
$12,479,804
$11,995,899
-4%
Depreciation
$36,239,744
$39,549,577
+9%
Other
$143,017,708
$137,578,153
-4%
Total Expenses
$837,325,102
$842,967,515
+1%
Net income
2024
2025
Change
Net income
+$57,121,444
+$39,681,841
-31%
Functional Expenses
Summary
2024
2025
Change
Program
$789,802,714
$796,105,544
+1%
Admin
$37,457,569
$36,715,944
-2%
Fundraising
$10,064,819
$10,146,027
+1%
Total Expenses
$837,325,102
$842,967,515
+1%
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