MONMOUTH COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$66,159,833
Program Services
57%
Contributions
29%
Other
9%
Investments
4%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$59,639,184
Grants
36%
Salaries & Benefits
29%
Other
13%
Depreciation
7%
Fees to Service Providers
7%
Offices, Occupancy & IT
5%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,938,903
$19,294,859
+178%
Government Grants
$143,443
$161,791
+13%
Fundraising Events
$0
$0
-
Program Services
$38,488,716
$37,605,934
-2%
Membership Dues
$0
$0
-
Investments
$2,946,887
$2,873,207
-3%
Other
$7,005,636
$6,224,042
-11%
Total Revenues
$55,523,585
$66,159,833
+19%
Expenses
2023
2024
Change
Grants
$22,154,787
$21,766,704
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,486,822
$17,467,190
0%
Fees to Service Providers
$2,840,291
$4,293,416
+51%
Advertising & Promotion
$70,255
$70,255
+0%
Offices, Occupancy & IT
$2,682,974
$2,994,255
+12%
Interest
$1,014,956
$854,411
-16%
Depreciation
$4,546,245
$4,342,886
-4%
Other
$8,325,869
$7,850,067
-6%
Total Expenses
$59,122,199
$59,639,184
+1%
Net income
2023
2024
Change
Net income
-$3,598,614
+$6,520,649
-281%
Functional Expenses
Summary
2023
2024
Change
Program
$52,164,403
$51,919,477
0%
Admin
$6,445,241
$7,146,031
+11%
Fundraising
$512,555
$573,676
+12%
Total Expenses
$59,122,199
$59,639,184
+1%
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