ADRIAN COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$100,751,407
Program Services
85%
Contributions
12%
Investments
3%
Other
<1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$95,946,377
Grants
43%
Salaries & Benefits
27%
Other
11%
Offices, Occupancy & IT
8%
Depreciation
5%
Fees to Service Providers
3%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$16,479,433
$11,624,670
-29%
Government Grants
$726,564
$459,924
-37%
Fundraising Events
$0
$0
-
Program Services
$84,591,513
$85,391,506
+1%
Membership Dues
$0
$0
-
Investments
$596,445
$2,769,706
+364%
Other
$2,368,727
$505,601
-79%
Total Revenues
$104,762,682
$100,751,407
-4%
Expenses
2023
2024
Change
Grants
$42,866,140
$41,300,644
-4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$26,365,566
$26,132,732
-1%
Fees to Service Providers
$7,750,130
$2,988,601
-61%
Advertising & Promotion
$59,738
$59,168
-1%
Offices, Occupancy & IT
$6,227,813
$7,230,179
+16%
Interest
$3,528,302
$2,790,329
-21%
Depreciation
$4,299,849
$4,505,246
+5%
Other
$4,024,146
$10,939,478
+172%
Total Expenses
$95,121,684
$95,946,377
+1%
Net income
2023
2024
Change
Net income
+$9,640,998
+$4,805,030
-50%
Functional Expenses
Summary
2023
2024
Change
Program
$87,541,834
$87,406,233
0%
Admin
$7,268,808
$8,216,467
+13%
Fundraising
$311,042
$323,677
+4%
Total Expenses
$95,121,684
$95,946,377
+1%
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