HERZING UNIVERSITY LTD
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$200,540,033
Program Services
96%
Government Grants
2%
Investments
1%
Other
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$186,942,854
Salaries & Benefits
43%
Advertising & Promotion
15%
Other
13%
Grants
11%
Fees to Service Providers
8%
Offices, Occupancy & IT
6%
Depreciation
3%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$67,184
$125,706
+87%
Government Grants
$4,236,125
$4,388,318
+4%
Fundraising Events
$0
$0
-
Program Services
$168,378,928
$192,510,709
+14%
Membership Dues
$0
$0
-
Investments
$1,520,020
$2,201,799
+45%
Other
-$2,831,748
$1,313,501
-146%
Total Revenues
$171,370,509
$200,540,033
+17%
Expenses
2023
2024
Change
Grants
$21,391,672
$20,430,442
-4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$78,231,284
$80,371,172
+3%
Fees to Service Providers
$13,735,276
$15,322,981
+12%
Advertising & Promotion
$26,168,292
$28,354,528
+8%
Offices, Occupancy & IT
$8,845,344
$10,922,795
+23%
Interest
$364,379
$314,750
-14%
Depreciation
$5,881,370
$6,132,937
+4%
Other
$21,734,128
$25,093,249
+15%
Total Expenses
$176,351,745
$186,942,854
+6%
Net income
2023
2024
Change
Net income
-$4,981,236
+$13,597,179
-373%
Functional Expenses
Summary
2023
2024
Change
Program
$154,040,994
$160,847,759
+4%
Admin
$22,245,751
$26,041,347
+17%
Fundraising
$65,000
$53,748
-17%
Total Expenses
$176,351,745
$186,942,854
+6%
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