University of Louisville Athletic Association
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$140,748,276
Other
40%
Program Services
37%
Contributions
23%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$154,267,467
Salaries & Benefits
42%
Other
28%
Grants
12%
Depreciation
8%
Fees to Service Providers
5%
Offices, Occupancy & IT
3%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$37,554,644
$32,350,256
-14%
Government Grants
$991,300
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$47,440,204
$52,341,148
+10%
Membership Dues
$0
$0
-
Investments
$68,492
$253,125
+270%
Other
$50,910,616
$55,803,747
+10%
Total Revenues
$136,965,256
$140,748,276
+3%
Expenses
2023
2024
Change
Grants
$19,916,667
$17,753,593
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$51,523,589
$65,112,862
+26%
Fees to Service Providers
$7,245,216
$8,461,528
+17%
Advertising & Promotion
$642,792
$341,757
-47%
Offices, Occupancy & IT
$5,172,372
$4,541,936
-12%
Interest
$2,543,125
$2,589,740
+2%
Depreciation
$12,381,428
$12,424,352
+0%
Other
$41,602,753
$43,041,699
+3%
Total Expenses
$141,027,942
$154,267,467
+9%
Net income
2023
2024
Change
Net income
-$4,062,686
-$13,519,191
-233%
Functional Expenses
Summary
2023
2024
Change
Program
$135,468,504
$148,627,256
+10%
Admin
$3,065,043
$3,645,959
+19%
Fundraising
$2,494,395
$1,994,252
-20%
Total Expenses
$141,027,942
$154,267,467
+9%
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