CARTHAGE COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$139,741,954
Program Services
89%
Contributions
5%
Other
3%
Investments
2%
Government Grants
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$136,274,299
Grants
38%
Salaries & Benefits
30%
Offices, Occupancy & IT
14%
Depreciation
6%
Other
5%
Fees to Service Providers
4%
Interest
1%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,446,415
$6,462,614
+19%
Government Grants
$6,607,185
$2,232,809
-66%
Fundraising Events
$47,622
$69,564
+46%
Program Services
$110,043,815
$123,864,257
+13%
Membership Dues
$0
$0
-
Investments
$951,924
$3,493,072
+267%
Other
$882,965
$3,619,638
+310%
Total Revenues
$123,979,926
$139,741,954
+13%
Expenses
2023
2024
Change
Grants
$46,852,280
$51,389,645
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$40,885,460
$41,492,695
+1%
Fees to Service Providers
$4,538,948
$5,411,853
+19%
Advertising & Promotion
$1,120,946
$1,470,415
+31%
Offices, Occupancy & IT
$19,830,587
$19,375,100
-2%
Interest
$1,308,172
$1,585,937
+21%
Depreciation
$8,312,075
$8,697,843
+5%
Other
$5,498,470
$6,850,811
+25%
Total Expenses
$128,346,938
$136,274,299
+6%
Net income
2023
2024
Change
Net income
-$4,367,012
+$3,467,655
-179%
Functional Expenses
Summary
2023
2024
Change
Program
$109,179,799
$115,003,506
+5%
Admin
$17,191,576
$19,209,460
+12%
Fundraising
$1,975,563
$2,061,333
+4%
Total Expenses
$128,346,938
$136,274,299
+6%
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