Goshen College Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$53,550,947
Program Services
60%
Contributions
23%
Government Grants
9%
Other
8%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$51,596,607
Salaries & Benefits
38%
Grants
32%
Other
13%
Offices, Occupancy & IT
6%
Depreciation
5%
Fees to Service Providers
4%
Advertising & Promotion
2%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$14,555,815
$12,249,605
-16%
Government Grants
$556,831
$4,901,704
+780%
Fundraising Events
$20,325
$20,122
-1%
Program Services
$31,776,468
$31,978,945
+1%
Membership Dues
$0
$0
-
Investments
-$17,210
$367,860
-2237%
Other
$1,894,186
$4,032,711
+113%
Total Revenues
$48,786,415
$53,550,947
+10%
Expenses
2023
2024
Change
Grants
$15,800,486
$16,261,320
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$18,586,191
$19,480,251
+5%
Fees to Service Providers
$2,122,773
$2,233,801
+5%
Advertising & Promotion
$446,748
$820,597
+84%
Offices, Occupancy & IT
$2,957,661
$2,938,059
-1%
Interest
$590,076
$563,604
-4%
Depreciation
$2,489,673
$2,593,188
+4%
Other
$6,219,852
$6,705,787
+8%
Total Expenses
$49,213,460
$51,596,607
+5%
Net income
2023
2024
Change
Net income
-$427,045
+$1,954,340
-558%
Functional Expenses
Summary
2023
2024
Change
Program
$43,216,403
$45,109,159
+4%
Admin
$5,513,471
$5,973,224
+8%
Fundraising
$483,586
$514,224
+6%
Total Expenses
$49,213,460
$51,596,607
+5%
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