McMaster University
Income Statement
Fiscal Year Start:
May 1
Revenues in 2024
$1,123,040,065
Government Grants
30%
Program Services
30%
Contributions
17%
Other
15%
Investments
9%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,021,245,651
Salaries & Benefits
62%
Other
10%
Offices, Occupancy & IT
10%
Grants
7%
Depreciation
7%
Fees to Service Providers
2%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$153,363,784
$187,608,606
+22%
Government Grants
$340,206,944
$336,365,364
-1%
Fundraising Events
$0
$0
-
Program Services
$340,646,351
$332,947,356
-2%
Membership Dues
$0
$0
-
Investments
$82,687,983
$99,001,094
+20%
Other
$140,192,998
$167,117,645
+19%
Total Revenues
$1,057,098,060
$1,123,040,065
+6%
Expenses
2023
2024
Change
Grants
$61,496,776
$72,102,478
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$589,257,030
$636,581,501
+8%
Fees to Service Providers
$15,196,744
$16,184,120
+6%
Advertising & Promotion
$5,105,898
$5,175,656
+1%
Offices, Occupancy & IT
$93,872,528
$102,853,652
+10%
Interest
$13,674,989
$13,426,646
-2%
Depreciation
$67,237,931
$69,995,557
+4%
Other
$98,736,237
$104,926,041
+6%
Total Expenses
$944,578,133
$1,021,245,651
+8%
Net income
2023
2024
Change
Net income
+$112,519,927
+$101,794,414
-10%
Functional Expenses
Summary
2023
2024
Change
Program
$931,559,634
$1,007,973,785
+8%
Admin
$13,018,499
$13,271,866
+2%
Fundraising
$0
$0
-
Total Expenses
$944,578,133
$1,021,245,651
+8%
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