ROBERT MORRIS UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$168,434,700
Program Services
90%
Contributions
6%
Investments
2%
Government Grants
2%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$177,582,189
Salaries & Benefits
35%
Grants
29%
Fees to Service Providers
15%
Depreciation
6%
Other
6%
Offices, Occupancy & IT
5%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$16,139,187
$10,250,003
-36%
Government Grants
$2,660,599
$2,609,157
-2%
Fundraising Events
$58,490
$80,380
+37%
Program Services
$135,768,604
$151,645,729
+12%
Membership Dues
$0
$0
-
Investments
$1,616,747
$3,376,072
+109%
Other
-$539,264
$473,359
-188%
Total Revenues
$155,704,363
$168,434,700
+8%
Expenses
2023
2024
Change
Grants
$45,196,496
$52,021,263
+15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$64,005,517
$62,162,501
-3%
Fees to Service Providers
$23,390,344
$27,356,702
+17%
Advertising & Promotion
$625,741
$655,771
+5%
Offices, Occupancy & IT
$8,416,684
$8,216,607
-2%
Interest
$3,935,718
$4,431,104
+13%
Depreciation
$11,633,581
$11,402,579
-2%
Other
$8,339,454
$11,335,662
+36%
Total Expenses
$165,543,535
$177,582,189
+7%
Net income
2023
2024
Change
Net income
-$9,839,172
-$9,147,489
+7%
Functional Expenses
Summary
2023
2024
Change
Program
$158,379,369
$171,889,728
+9%
Admin
$2,269,403
$2,598,771
+15%
Fundraising
$4,894,763
$3,093,690
-37%
Total Expenses
$165,543,535
$177,582,189
+7%
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