CARLOW UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$76,145,615
Program Services
85%
Contributions
7%
Government Grants
5%
Investments
3%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$81,752,309
Salaries & Benefits
43%
Grants
21%
Fees to Service Providers
15%
Offices, Occupancy & IT
8%
Other
6%
Depreciation
5%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$17,729,347
$5,526,140
-69%
Government Grants
$9,853,249
$3,690,053
-63%
Fundraising Events
$0
$0
-
Program Services
$52,899,660
$64,545,401
+22%
Membership Dues
$0
$0
-
Investments
$1,581,917
$2,323,395
+47%
Other
$2,254,081
$60,626
-97%
Total Revenues
$84,318,254
$76,145,615
-10%
Expenses
2023
2024
Change
Grants
$13,026,805
$17,049,257
+31%
Benefits to Members
$0
$0
-
Salaries & Benefits
$34,277,667
$35,178,765
+3%
Fees to Service Providers
$10,022,936
$11,980,622
+20%
Advertising & Promotion
$847,010
$494,551
-42%
Offices, Occupancy & IT
$7,369,206
$6,674,905
-9%
Interest
$1,795,782
$1,564,574
-13%
Depreciation
$3,844,233
$4,119,733
+7%
Other
$6,854,702
$4,689,902
-32%
Total Expenses
$78,038,341
$81,752,309
+5%
Net income
2023
2024
Change
Net income
+$6,279,913
-$5,606,694
-189%
Functional Expenses
Summary
2023
2024
Change
Program
$65,894,032
$69,361,346
+5%
Admin
$10,779,089
$11,005,288
+2%
Fundraising
$1,365,220
$1,385,675
+1%
Total Expenses
$78,038,341
$81,752,309
+5%
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