GANNON UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$165,828,216
Program Services
89%
Government Grants
4%
Other
3%
Contributions
2%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$163,291,762
Salaries & Benefits
41%
Grants
34%
Other
8%
Offices, Occupancy & IT
5%
Fees to Service Providers
5%
Depreciation
5%
Interest
2%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,047,081
$3,771,250
-38%
Government Grants
$5,897,735
$6,667,345
+13%
Fundraising Events
$0
$0
-
Program Services
$146,633,764
$147,686,355
+1%
Membership Dues
$0
$0
-
Investments
$3,015,917
$3,317,038
+10%
Other
$4,395,199
$4,386,228
0%
Total Revenues
$165,989,696
$165,828,216
0%
Expenses
2023
2024
Change
Grants
$54,599,311
$55,095,525
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$67,802,838
$66,641,777
-2%
Fees to Service Providers
$6,092,596
$7,406,748
+22%
Advertising & Promotion
$1,482,008
$1,747,494
+18%
Offices, Occupancy & IT
$7,682,943
$8,612,726
+12%
Interest
$3,563,419
$3,560,235
0%
Depreciation
$6,789,784
$7,400,482
+9%
Other
$12,549,692
$12,826,775
+2%
Total Expenses
$160,562,591
$163,291,762
+2%
Net income
2023
2024
Change
Net income
+$5,427,105
+$2,536,454
-53%
Functional Expenses
Summary
2023
2024
Change
Program
$136,947,486
$137,682,049
+1%
Admin
$22,114,065
$24,275,780
+10%
Fundraising
$1,501,040
$1,333,933
-11%
Total Expenses
$160,562,591
$163,291,762
+2%
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