ALBION COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$100,603,831
Program Services
88%
Contributions
6%
Investments
4%
Other
2%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$121,972,077
Grants
47%
Salaries & Benefits
27%
Other
9%
Offices, Occupancy & IT
6%
Fees to Service Providers
5%
Depreciation
4%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,190,371
$6,125,857
+18%
Government Grants
$1,031,126
$837,763
-19%
Fundraising Events
$0
$0
-
Program Services
$93,973,079
$88,377,035
-6%
Membership Dues
$0
$0
-
Investments
$4,463,989
$3,647,414
-18%
Other
-$803,193
$1,615,762
-301%
Total Revenues
$103,855,372
$100,603,831
-3%
Expenses
2023
2024
Change
Grants
$59,500,943
$56,853,611
-4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$34,155,755
$33,500,811
-2%
Fees to Service Providers
$7,634,088
$5,565,044
-27%
Advertising & Promotion
$59,011
$73,888
+25%
Offices, Occupancy & IT
$5,361,194
$7,466,530
+39%
Interest
$2,583,685
$2,862,396
+11%
Depreciation
$4,946,092
$4,874,939
-1%
Other
$10,168,513
$10,774,858
+6%
Total Expenses
$124,409,281
$121,972,077
-2%
Net income
2023
2024
Change
Net income
-$20,553,909
-$21,368,246
-4%
Functional Expenses
Summary
2023
2024
Change
Program
$108,761,701
$108,474,787
0%
Admin
$12,478,000
$10,749,374
-14%
Fundraising
$3,169,580
$2,747,916
-13%
Total Expenses
$124,409,281
$121,972,077
-2%
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