DEFIANCE COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$27,688,389
Program Services
70%
Contributions
15%
Other
7%
Investments
7%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$27,474,032
Salaries & Benefits
40%
Grants
35%
Offices, Occupancy & IT
9%
Other
9%
Depreciation
5%
Interest
1%
Fees to Service Providers
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$1,550,641
$4,257,926
+175%
Government Grants
$1,282,519
$205,358
-84%
Fundraising Events
$0
$0
-
Program Services
$19,645,307
$19,371,717
-1%
Membership Dues
$0
$0
-
Investments
$1,412,174
$1,815,461
+29%
Other
$310,353
$2,037,927
+557%
Total Revenues
$24,200,994
$27,688,389
+14%
Expenses
2023
2024
Change
Grants
$10,429,409
$9,683,822
-7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,704,532
$10,883,157
+25%
Fees to Service Providers
$161,540
$201,752
+25%
Advertising & Promotion
$153,633
$0
-100%
Offices, Occupancy & IT
$5,096,184
$2,593,313
-49%
Interest
$279,957
$305,781
+9%
Depreciation
$1,453,508
$1,349,898
-7%
Other
$2,234,953
$2,456,309
+10%
Total Expenses
$28,513,716
$27,474,032
-4%
Net income
2023
2024
Change
Net income
-$4,312,722
+$214,357
-105%
Functional Expenses
Summary
2023
2024
Change
Program
$27,088,199
$22,441,769
-17%
Admin
$1,054,850
$4,348,729
+312%
Fundraising
$370,667
$683,534
+84%
Total Expenses
$28,513,716
$27,474,032
-4%
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