JOHNSON C SMITH UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$55,846,775
Program Services
53%
Contributions
23%
Government Grants
16%
Other
7%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$68,087,861
Salaries & Benefits
38%
Offices, Occupancy & IT
30%
Other
16%
Grants
8%
Depreciation
7%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$14,375,072
$12,923,619
-10%
Government Grants
$15,758,829
$9,128,346
-42%
Fundraising Events
$0
$0
-
Program Services
$26,378,732
$29,863,686
+13%
Membership Dues
$0
$0
-
Investments
$196,145
$265,668
+35%
Other
$5,087,222
$3,665,456
-28%
Total Revenues
$61,796,000
$55,846,775
-10%
Expenses
2023
2024
Change
Grants
$4,801,354
$5,223,371
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$21,500,615
$25,613,877
+19%
Fees to Service Providers
$967,982
$1,001,786
+3%
Advertising & Promotion
$215,773
$299,430
+39%
Offices, Occupancy & IT
$20,842,734
$20,223,651
-3%
Interest
$40,817
$44,828
+10%
Depreciation
$3,880,725
$5,053,578
+30%
Other
$7,022,512
$10,627,340
+51%
Total Expenses
$59,272,512
$68,087,861
+15%
Net income
2023
2024
Change
Net income
+$2,523,488
-$12,241,086
-585%
Functional Expenses
Summary
2023
2024
Change
Program
$45,751,294
$51,568,810
+13%
Admin
$10,761,892
$13,156,393
+22%
Fundraising
$2,759,326
$3,362,658
+22%
Total Expenses
$59,272,512
$68,087,861
+15%
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