Taylor University
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$186,719,383
Program Services
52%
Contributions
43%
Investments
4%
Other
1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$121,997,283
Salaries & Benefits
36%
Grants
34%
Other
13%
Fees to Service Providers
6%
Depreciation
6%
Offices, Occupancy & IT
4%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$29,745,721
$79,985,689
+169%
Government Grants
$6,660,919
$554,041
-92%
Fundraising Events
$0
$0
-
Program Services
$88,485,078
$96,556,638
+9%
Membership Dues
$0
$0
-
Investments
$4,374,206
$6,960,780
+59%
Other
$1,119,898
$2,662,235
+138%
Total Revenues
$130,385,822
$186,719,383
+43%
Expenses
2023
2024
Change
Grants
$37,089,917
$41,974,263
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$38,398,651
$43,685,552
+14%
Fees to Service Providers
$5,923,136
$7,252,418
+22%
Advertising & Promotion
$509,826
$509,122
0%
Offices, Occupancy & IT
$4,308,343
$4,403,192
+2%
Interest
$932,627
$915,374
-2%
Depreciation
$5,772,962
$6,811,078
+18%
Other
$15,698,652
$16,446,284
+5%
Total Expenses
$108,634,114
$121,997,283
+12%
Net income
2023
2024
Change
Net income
+$21,751,708
+$64,722,100
+198%
Functional Expenses
Summary
2023
2024
Change
Program
$92,613,140
$103,642,039
+12%
Admin
$11,351,071
$13,324,736
+17%
Fundraising
$4,669,903
$5,030,508
+8%
Total Expenses
$108,634,114
$121,997,283
+12%
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