Hiram College
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$42,192,173
Program Services
62%
Contributions
25%
Other
6%
Investments
4%
Government Grants
3%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$45,389,552
Salaries & Benefits
36%
Grants
23%
Fees to Service Providers
16%
Offices, Occupancy & IT
15%
Depreciation
6%
Interest
4%
Other
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,385,491
$10,757,250
+145%
Government Grants
$1,609,468
$1,099,950
-32%
Fundraising Events
$19,030
$22,344
+17%
Program Services
$24,532,311
$26,167,618
+7%
Membership Dues
$0
$0
-
Investments
$1,997,328
$1,755,377
-12%
Other
$3,411,522
$2,389,634
-30%
Total Revenues
$35,955,150
$42,192,173
+17%
Expenses
2023
2024
Change
Grants
$9,801,711
$10,237,695
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,762,168
$16,379,211
+4%
Fees to Service Providers
$8,495,769
$7,035,731
-17%
Advertising & Promotion
$83,711
$61,156
-27%
Offices, Occupancy & IT
$2,689,755
$6,791,702
+153%
Interest
$1,826,751
$1,928,360
+6%
Depreciation
$3,018,259
$2,855,337
-5%
Other
$3,000,521
$100,360
-97%
Total Expenses
$44,678,645
$45,389,552
+2%
Net income
2023
2024
Change
Net income
-$8,723,495
-$3,197,379
+63%
Functional Expenses
Summary
2023
2024
Change
Program
$38,200,931
$38,163,480
0%
Admin
$5,442,580
$6,366,820
+17%
Fundraising
$1,035,134
$859,252
-17%
Total Expenses
$44,678,645
$45,389,552
+2%
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