KNOX COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$97,565,022
Program Services
64%
Contributions
19%
Other
13%
Investments
4%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$98,819,471
Grants
37%
Salaries & Benefits
34%
Offices, Occupancy & IT
8%
Other
8%
Fees to Service Providers
7%
Depreciation
5%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$11,512,936
$18,281,951
+59%
Government Grants
$1,238,464
$258,217
-79%
Fundraising Events
$0
$0
-
Program Services
$63,361,633
$62,546,329
-1%
Membership Dues
$0
$0
-
Investments
$5,644,900
$3,424,703
-39%
Other
$3,905,616
$13,053,822
+234%
Total Revenues
$85,663,549
$97,565,022
+14%
Expenses
2023
2024
Change
Grants
$37,297,478
$36,881,871
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$32,711,987
$33,666,777
+3%
Fees to Service Providers
$5,292,361
$6,634,978
+25%
Advertising & Promotion
$209,704
$212,172
+1%
Offices, Occupancy & IT
$11,946,067
$7,941,996
-34%
Interest
$1,269,014
$1,270,460
+0%
Depreciation
$4,607,499
$4,595,315
0%
Other
$6,864,910
$7,615,902
+11%
Total Expenses
$100,199,020
$98,819,471
-1%
Net income
2023
2024
Change
Net income
-$14,535,471
-$1,254,449
+91%
Functional Expenses
Summary
2023
2024
Change
Program
$81,392,753
$83,340,227
+2%
Admin
$14,874,225
$11,312,670
-24%
Fundraising
$3,932,042
$4,166,574
+6%
Total Expenses
$100,199,020
$98,819,471
-1%
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