Ohio Northern University
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$154,160,384
Program Services
88%
Contributions
5%
Investments
4%
Other
3%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$158,139,749
Grants
38%
Salaries & Benefits
32%
Other
8%
Fees to Service Providers
7%
Depreciation
6%
Offices, Occupancy & IT
5%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$21,689,768
$7,281,893
-66%
Government Grants
$8,779,236
$798,376
-91%
Fundraising Events
$40,650
$34,575
-15%
Program Services
$133,895,111
$135,605,655
+1%
Membership Dues
$0
$0
-
Investments
$5,457,272
$6,317,540
+16%
Other
$2,505,876
$4,122,345
+65%
Total Revenues
$172,367,913
$154,160,384
-11%
Expenses
2023
2024
Change
Grants
$59,167,012
$60,744,938
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$50,809,278
$51,095,634
+1%
Fees to Service Providers
$11,006,165
$11,574,306
+5%
Advertising & Promotion
$908,590
$942,711
+4%
Offices, Occupancy & IT
$8,397,692
$8,018,095
-5%
Interest
$3,497,941
$3,457,760
-1%
Depreciation
$9,640,924
$9,965,703
+3%
Other
$13,741,224
$12,340,602
-10%
Total Expenses
$157,168,826
$158,139,749
+1%
Net income
2023
2024
Change
Net income
+$15,199,087
-$3,979,365
-126%
Functional Expenses
Summary
2023
2024
Change
Program
$139,451,244
$141,096,763
+1%
Admin
$15,456,529
$14,908,266
-4%
Fundraising
$2,261,053
$2,134,720
-6%
Total Expenses
$157,168,826
$158,139,749
+1%
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