DOMINICAN UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$123,975,733
Program Services
85%
Government Grants
7%
Contributions
5%
Investments
2%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$123,328,992
Salaries & Benefits
41%
Grants
35%
Other
9%
Offices, Occupancy & IT
7%
Depreciation
3%
Fees to Service Providers
2%
Advertising & Promotion
2%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,859,300
$6,236,595
+28%
Government Grants
$8,140,558
$8,083,467
-1%
Fundraising Events
$307,820
$429,194
+39%
Program Services
$95,351,242
$105,257,479
+10%
Membership Dues
$0
$0
-
Investments
$3,204,078
$2,805,470
-12%
Other
$197,110
$1,163,528
+490%
Total Revenues
$112,060,108
$123,975,733
+11%
Expenses
2023
2024
Change
Grants
$37,637,024
$42,669,554
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$46,030,015
$49,961,937
+9%
Fees to Service Providers
$2,762,974
$2,902,357
+5%
Advertising & Promotion
$2,772,868
$2,586,075
-7%
Offices, Occupancy & IT
$7,600,192
$8,857,640
+17%
Interest
$1,439,351
$1,317,032
-8%
Depreciation
$3,275,700
$3,425,878
+5%
Other
$9,573,521
$11,608,519
+21%
Total Expenses
$111,091,645
$123,328,992
+11%
Net income
2023
2024
Change
Net income
+$968,463
+$646,741
-33%
Functional Expenses
Summary
2023
2024
Change
Program
$100,433,750
$110,304,566
+10%
Admin
$8,697,429
$10,789,766
+24%
Fundraising
$1,960,466
$2,234,660
+14%
Total Expenses
$111,091,645
$123,328,992
+11%
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