THIEL COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$52,716,729
Program Services
82%
Contributions
13%
Investments
2%
Other
2%
Government Grants
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$52,687,014
Grants
40%
Salaries & Benefits
28%
Fees to Service Providers
8%
Depreciation
7%
Other
6%
Offices, Occupancy & IT
6%
Interest
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$8,203,501
$6,746,751
-18%
Government Grants
$1,906,657
$617,527
-68%
Fundraising Events
$19,755
$15,300
-23%
Program Services
$41,862,266
$43,356,330
+4%
Membership Dues
$0
$0
-
Investments
$1,547,008
$1,075,542
-30%
Other
-$275,694
$905,279
-428%
Total Revenues
$53,263,493
$52,716,729
-1%
Expenses
2023
2024
Change
Grants
$20,793,731
$21,323,966
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,016,864
$14,967,544
-7%
Fees to Service Providers
$4,096,837
$4,245,731
+4%
Advertising & Promotion
$535,512
$379,644
-29%
Offices, Occupancy & IT
$3,550,099
$3,000,290
-15%
Interest
$1,954,830
$1,935,016
-1%
Depreciation
$3,658,310
$3,706,772
+1%
Other
$2,598,227
$3,128,051
+20%
Total Expenses
$53,204,410
$52,687,014
-1%
Net income
2023
2024
Change
Net income
+$59,083
+$29,715
-50%
Functional Expenses
Summary
2023
2024
Change
Program
$50,085,537
$49,373,513
-1%
Admin
$2,428,935
$2,727,569
+12%
Fundraising
$689,938
$585,932
-15%
Total Expenses
$53,204,410
$52,687,014
-1%
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