University of Mount Union
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$97,433,567
Program Services
87%
Investments
6%
Contributions
4%
Other
3%
Fundraising Events
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$100,273,630
Salaries & Benefits
38%
Grants
36%
Offices, Occupancy & IT
10%
Depreciation
6%
Fees to Service Providers
5%
Other
4%
Advertising & Promotion
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,150,928
$3,762,280
-9%
Government Grants
$246,391
$73,801
-70%
Fundraising Events
$411,610
$488,429
+19%
Program Services
$84,174,457
$84,372,105
+0%
Membership Dues
$0
$0
-
Investments
$3,877,621
$5,633,724
+45%
Other
$1,523,888
$3,103,228
+104%
Total Revenues
$94,384,895
$97,433,567
+3%
Expenses
2023
2024
Change
Grants
$34,262,367
$35,948,790
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$35,749,338
$37,609,055
+5%
Fees to Service Providers
$5,538,573
$5,082,263
-8%
Advertising & Promotion
$315,692
$1,075,615
+241%
Offices, Occupancy & IT
$9,655,007
$9,646,646
0%
Interest
$480,125
$430,786
-10%
Depreciation
$5,961,380
$6,001,774
+1%
Other
$4,657,519
$4,478,701
-4%
Total Expenses
$96,620,001
$100,273,630
+4%
Net income
2023
2024
Change
Net income
-$2,235,106
-$2,840,063
-27%
Functional Expenses
Summary
2023
2024
Change
Program
$86,811,107
$90,418,539
+4%
Admin
$8,043,128
$8,195,455
+2%
Fundraising
$1,765,766
$1,659,636
-6%
Total Expenses
$96,620,001
$100,273,630
+4%
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