Northwestern University
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$4,177,750,770
Program Services
67%
Other
18%
Contributions
11%
Investments
4%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$3,933,998,499
Salaries & Benefits
47%
Grants
19%
Fees to Service Providers
13%
Offices, Occupancy & IT
9%
Depreciation
5%
Other
4%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$509,198,725
$463,821,058
-9%
Government Grants
$33,815,585
$34,597,794
+2%
Fundraising Events
$2,261,581
$1,977,187
-13%
Program Services
$2,544,288,705
$2,779,764,340
+9%
Membership Dues
$0
$0
-
Investments
$118,900,288
$148,266,177
+25%
Other
$110,650,467
$749,324,214
+577%
Total Revenues
$3,319,115,351
$4,177,750,770
+26%
Expenses
2023
2024
Change
Grants
$707,068,007
$749,377,157
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,674,406,906
$1,831,061,088
+9%
Fees to Service Providers
$416,780,508
$491,805,501
+18%
Advertising & Promotion
$20,716,606
$21,304,352
+3%
Offices, Occupancy & IT
$338,986,164
$361,068,973
+7%
Interest
$93,640,229
$92,985,219
-1%
Depreciation
$209,912,644
$212,023,846
+1%
Other
$194,206,421
$174,372,363
-10%
Total Expenses
$3,655,717,485
$3,933,998,499
+8%
Net income
2023
2024
Change
Net income
-$336,602,134
+$243,752,271
-172%
Functional Expenses
Summary
2023
2024
Change
Program
$3,336,528,547
$3,565,835,416
+7%
Admin
$254,451,738
$299,877,327
+18%
Fundraising
$64,737,200
$68,285,756
+5%
Total Expenses
$3,655,717,485
$3,933,998,499
+8%
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