Oakland City University
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$23,711,358
Program Services
70%
Other
22%
Government Grants
4%
Contributions
2%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$27,715,732
Grants
38%
Salaries & Benefits
26%
Other
17%
Offices, Occupancy & IT
8%
Depreciation
6%
Interest
4%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,521,103
$550,551
-78%
Government Grants
$898,172
$972,655
+8%
Fundraising Events
$13,410
$13,540
+1%
Program Services
$16,919,687
$16,592,157
-2%
Membership Dues
$0
$0
-
Investments
$424,245
$350,741
-17%
Other
$2,251,472
$5,231,714
+132%
Total Revenues
$23,028,089
$23,711,358
+3%
Expenses
2023
2024
Change
Grants
$10,037,802
$10,610,979
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,569,952
$7,138,306
-6%
Fees to Service Providers
$537,509
$510,190
-5%
Advertising & Promotion
$729,484
$71,426
-90%
Offices, Occupancy & IT
$2,438,542
$2,192,319
-10%
Interest
$382,950
$971,383
+154%
Depreciation
$1,455,060
$1,634,037
+12%
Other
$4,296,746
$4,587,092
+7%
Total Expenses
$27,448,045
$27,715,732
+1%
Net income
2023
2024
Change
Net income
-$4,419,956
-$4,004,374
+9%
Functional Expenses
Summary
2023
2024
Change
Program
$19,945,646
$20,038,881
+0%
Admin
$7,133,164
$7,311,505
+3%
Fundraising
$369,235
$365,346
-1%
Total Expenses
$27,448,045
$27,715,732
+1%
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