LYCOMING COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$85,085,298
Program Services
72%
Other
16%
Contributions
7%
Investments
2%
Government Grants
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$88,842,175
Grants
41%
Salaries & Benefits
30%
Offices, Occupancy & IT
8%
Fees to Service Providers
8%
Depreciation
7%
Other
3%
Interest
2%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,939,689
$6,077,224
+54%
Government Grants
$3,005,822
$1,669,582
-44%
Fundraising Events
$0
$0
-
Program Services
$59,567,451
$61,619,462
+3%
Membership Dues
$0
$0
-
Investments
$1,550,003
$1,716,674
+11%
Other
$4,158,446
$14,002,356
+237%
Total Revenues
$72,221,411
$85,085,298
+18%
Expenses
2023
2024
Change
Grants
$35,299,747
$36,264,085
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$26,545,809
$26,700,580
+1%
Fees to Service Providers
$6,716,795
$6,835,383
+2%
Advertising & Promotion
$1,621,398
$1,277,461
-21%
Offices, Occupancy & IT
$7,120,520
$7,107,341
0%
Interest
$1,467,251
$1,751,704
+19%
Depreciation
$5,115,706
$5,902,118
+15%
Other
$3,000,468
$3,003,503
+0%
Total Expenses
$86,887,694
$88,842,175
+2%
Net income
2023
2024
Change
Net income
-$14,666,283
-$3,756,877
+74%
Functional Expenses
Summary
2023
2024
Change
Program
$70,049,218
$71,028,662
+1%
Admin
$15,244,327
$16,058,395
+5%
Fundraising
$1,594,149
$1,755,118
+10%
Total Expenses
$86,887,694
$88,842,175
+2%
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