MILLIKIN UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$88,431,281
Program Services
72%
Contributions
12%
Investments
9%
Other
6%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$89,945,665
Grants
41%
Salaries & Benefits
28%
Other
17%
Depreciation
7%
Offices, Occupancy & IT
6%
Interest
<1%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$11,191,430
$10,807,874
-3%
Government Grants
$1,229,048
$473,657
-61%
Fundraising Events
$62,638
$48,493
-23%
Program Services
$69,991,728
$63,922,261
-9%
Membership Dues
$0
$0
-
Investments
$7,929,570
$8,115,927
+2%
Other
$4,085,880
$5,063,069
+24%
Total Revenues
$94,490,294
$88,431,281
-6%
Expenses
2023
2024
Change
Grants
$40,650,827
$37,112,504
-9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$28,172,939
$25,017,128
-11%
Fees to Service Providers
$435,833
$251,899
-42%
Advertising & Promotion
$496,154
$551,116
+11%
Offices, Occupancy & IT
$4,752,270
$5,087,254
+7%
Interest
$1,029,253
$816,717
-21%
Depreciation
$6,253,865
$6,128,460
-2%
Other
$14,642,407
$14,980,587
+2%
Total Expenses
$96,433,548
$89,945,665
-7%
Net income
2023
2024
Change
Net income
-$1,943,254
-$1,514,384
+22%
Functional Expenses
Summary
2023
2024
Change
Program
$87,812,652
$82,099,414
-7%
Admin
$7,382,011
$6,564,415
-11%
Fundraising
$1,238,885
$1,281,836
+3%
Total Expenses
$96,433,548
$89,945,665
-7%
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