Franklin College of Indiana
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$53,485,375
Program Services
75%
Contributions
14%
Other
7%
Investments
4%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$52,908,332
Grants
38%
Salaries & Benefits
29%
Other
16%
Fees to Service Providers
8%
Depreciation
7%
Offices, Occupancy & IT
2%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,178,315
$7,420,363
+133%
Government Grants
$229,145
$221,099
-4%
Fundraising Events
$167,338
$156,984
-6%
Program Services
$38,613,345
$40,153,527
+4%
Membership Dues
$0
$0
-
Investments
$2,408,495
$1,962,740
-19%
Other
$427,922
$3,570,662
+734%
Total Revenues
$45,024,560
$53,485,375
+19%
Expenses
2023
2024
Change
Grants
$19,514,363
$20,352,831
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,534,069
$15,176,306
-2%
Fees to Service Providers
$4,374,391
$4,316,650
-1%
Advertising & Promotion
$141,372
$105,707
-25%
Offices, Occupancy & IT
$881,847
$948,229
+8%
Interest
$265,732
$240,314
-10%
Depreciation
$3,533,647
$3,559,044
+1%
Other
$8,123,381
$8,209,251
+1%
Total Expenses
$52,368,802
$52,908,332
+1%
Net income
2023
2024
Change
Net income
-$7,344,242
+$577,043
-108%
Functional Expenses
Summary
2023
2024
Change
Program
$47,183,318
$47,607,813
+1%
Admin
$4,109,648
$4,058,670
-1%
Fundraising
$1,075,836
$1,241,849
+15%
Total Expenses
$52,368,802
$52,908,332
+1%
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