KALAMAZOO COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$143,100,282
Program Services
65%
Contributions
27%
Other
6%
Investments
1%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$128,573,143
Grants
45%
Salaries & Benefits
29%
Other
16%
Offices, Occupancy & IT
3%
Depreciation
3%
Fees to Service Providers
2%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$12,072,789
$38,619,810
+220%
Government Grants
$858,063
$886,745
+3%
Fundraising Events
$4,589
$20,130
+339%
Program Services
$90,388,726
$92,798,709
+3%
Membership Dues
$0
$0
-
Investments
$740,824
$1,717,146
+132%
Other
$19,214,209
$9,057,742
-53%
Total Revenues
$123,279,200
$143,100,282
+16%
Expenses
2023
2024
Change
Grants
$54,042,530
$58,122,448
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$37,491,378
$37,679,434
+1%
Fees to Service Providers
$2,444,655
$2,944,943
+20%
Advertising & Promotion
$155,723
$129,289
-17%
Offices, Occupancy & IT
$3,592,146
$3,832,059
+7%
Interest
$1,743,087
$1,700,596
-2%
Depreciation
$3,764,612
$3,354,330
-11%
Other
$16,056,249
$20,810,044
+30%
Total Expenses
$119,290,380
$128,573,143
+8%
Net income
2023
2024
Change
Net income
+$3,988,820
+$14,527,139
+264%
Functional Expenses
Summary
2023
2024
Change
Program
$99,037,159
$103,830,942
+5%
Admin
$16,703,420
$21,301,598
+28%
Fundraising
$3,549,801
$3,440,603
-3%
Total Expenses
$119,290,380
$128,573,143
+8%
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