Carnegie Mellon University
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,003,071,984
Program Services
53%
Government Grants
23%
Other
10%
Contributions
8%
Investments
5%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,776,981,445
Salaries & Benefits
58%
Grants
17%
Other
8%
Offices, Occupancy & IT
7%
Depreciation
5%
Fees to Service Providers
3%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$273,537,136
$162,655,745
-41%
Government Grants
$408,107,612
$466,715,014
+14%
Fundraising Events
$0
$0
-
Program Services
$1,039,367,090
$1,071,459,138
+3%
Membership Dues
$0
$0
-
Investments
$76,454,997
$104,865,289
+37%
Other
$84,361,199
$197,376,798
+134%
Total Revenues
$1,881,828,034
$2,003,071,984
+6%
Expenses
2023
2024
Change
Grants
$269,831,597
$295,492,043
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$957,781,084
$1,028,492,599
+7%
Fees to Service Providers
$51,002,809
$58,573,347
+15%
Advertising & Promotion
$3,743,359
$4,659,938
+24%
Offices, Occupancy & IT
$114,471,466
$125,757,447
+10%
Interest
$22,818,781
$26,656,527
+17%
Depreciation
$82,622,951
$88,167,730
+7%
Other
$138,704,056
$149,181,814
+8%
Total Expenses
$1,640,976,103
$1,776,981,445
+8%
Net income
2023
2024
Change
Net income
+$240,851,931
+$226,090,539
-6%
Functional Expenses
Summary
2023
2024
Change
Program
$1,464,083,775
$1,580,470,273
+8%
Admin
$144,855,136
$162,760,943
+12%
Fundraising
$32,037,192
$33,750,229
+5%
Total Expenses
$1,640,976,103
$1,776,981,445
+8%
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