METHODIST THEOLOGICAL SCHOOL IN OHIO
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$9,970,068
Other
52%
Program Services
30%
Contributions
17%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$9,738,031
Salaries & Benefits
43%
Grants
28%
Other
17%
Depreciation
5%
Offices, Occupancy & IT
4%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,283,248
$1,697,490
-48%
Government Grants
$18,565
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$2,589,915
$2,988,629
+15%
Membership Dues
$0
$0
-
Investments
$42,107
$78,802
+87%
Other
$637,706
$5,205,147
+716%
Total Revenues
$6,571,541
$9,970,068
+52%
Expenses
2023
2024
Change
Grants
$2,459,953
$2,751,584
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,492,398
$4,230,705
+21%
Fees to Service Providers
$139,593
$160,923
+15%
Advertising & Promotion
$71,663
$69,224
-3%
Offices, Occupancy & IT
$378,194
$414,564
+10%
Interest
$0
$0
-
Depreciation
$413,347
$438,697
+6%
Other
$1,875,463
$1,672,334
-11%
Total Expenses
$8,830,611
$9,738,031
+10%
Net income
2023
2024
Change
Net income
-$2,259,070
+$232,037
-110%
Functional Expenses
Summary
2023
2024
Change
Program
$5,743,347
$6,428,026
+12%
Admin
$2,907,402
$3,109,085
+7%
Fundraising
$179,862
$200,920
+12%
Total Expenses
$8,830,611
$9,738,031
+10%
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