LEHIGH UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$748,495,878
Program Services
64%
Other
16%
Contributions
8%
Government Grants
8%
Investments
5%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$690,327,461
Salaries & Benefits
43%
Grants
25%
Offices, Occupancy & IT
12%
Fees to Service Providers
7%
Depreciation
6%
Other
4%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$48,389,151
$61,197,985
+26%
Government Grants
$50,027,395
$57,889,929
+16%
Fundraising Events
$236,672
$27,225
-88%
Program Services
$444,965,207
$476,061,864
+7%
Membership Dues
$0
$0
-
Investments
$31,392,336
$36,003,275
+15%
Other
$120,381,483
$117,315,600
-3%
Total Revenues
$695,392,244
$748,495,878
+8%
Expenses
2023
2024
Change
Grants
$153,433,630
$172,319,410
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$273,282,473
$294,986,907
+8%
Fees to Service Providers
$40,928,271
$46,197,659
+13%
Advertising & Promotion
$2,918,939
$2,505,822
-14%
Offices, Occupancy & IT
$75,528,386
$86,091,898
+14%
Interest
$20,280,569
$20,170,379
-1%
Depreciation
$41,432,969
$41,930,743
+1%
Other
$25,489,224
$26,124,643
+2%
Total Expenses
$633,294,461
$690,327,461
+9%
Net income
2023
2024
Change
Net income
+$62,097,783
+$58,168,417
-6%
Functional Expenses
Summary
2023
2024
Change
Program
$552,071,248
$598,956,539
+8%
Admin
$62,812,398
$70,783,277
+13%
Fundraising
$18,410,815
$20,587,645
+12%
Total Expenses
$633,294,461
$690,327,461
+9%
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