ASHLAND UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$132,317,462
Program Services
80%
Contributions
14%
Investments
2%
Government Grants
2%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$136,174,957
Salaries & Benefits
46%
Grants
22%
Other
9%
Offices, Occupancy & IT
6%
Depreciation
5%
Fees to Service Providers
5%
Advertising & Promotion
3%
Interest
3%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$19,153,105
$18,456,599
-4%
Government Grants
$3,490,450
$2,772,514
-21%
Fundraising Events
$164,957
$188,600
+14%
Program Services
$103,626,937
$106,423,957
+3%
Membership Dues
$0
$0
-
Investments
$2,212,344
$3,283,640
+48%
Other
$2,072,068
$1,192,152
-42%
Total Revenues
$130,719,861
$132,317,462
+1%
Expenses
2023
2024
Change
Grants
$28,251,302
$30,197,206
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$63,832,035
$63,304,385
-1%
Fees to Service Providers
$7,311,128
$7,033,489
-4%
Advertising & Promotion
$4,644,306
$3,886,583
-16%
Offices, Occupancy & IT
$8,620,033
$8,512,629
-1%
Interest
$3,683,146
$3,579,601
-3%
Depreciation
$6,718,803
$7,413,875
+10%
Other
$15,288,384
$12,247,189
-20%
Total Expenses
$138,349,137
$136,174,957
-2%
Net income
2023
2024
Change
Net income
-$7,629,276
-$3,857,495
+49%
Functional Expenses
Summary
2023
2024
Change
Program
$129,827,604
$127,163,689
-2%
Admin
$5,764,617
$6,557,033
+14%
Fundraising
$2,756,916
$2,454,235
-11%
Total Expenses
$138,349,137
$136,174,957
-2%
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