ALMA COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$90,350,482
Program Services
80%
Contributions
12%
Other
5%
Investments
3%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$92,973,653
Grants
42%
Salaries & Benefits
28%
Other
13%
Offices, Occupancy & IT
6%
Depreciation
4%
Fees to Service Providers
4%
Interest
2%
Advertising & Promotion
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,663,418
$10,440,678
-2%
Government Grants
$2,995,234
$662,153
-78%
Fundraising Events
$0
$0
-
Program Services
$70,488,259
$72,305,924
+3%
Membership Dues
$0
$0
-
Investments
$3,171,709
$2,687,992
-15%
Other
-$341,341
$4,253,735
-1346%
Total Revenues
$86,977,279
$90,350,482
+4%
Expenses
2023
2024
Change
Grants
$37,327,501
$39,247,259
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$26,411,172
$26,172,380
-1%
Fees to Service Providers
$3,623,503
$3,255,270
-10%
Advertising & Promotion
$1,721,224
$1,520,965
-12%
Offices, Occupancy & IT
$5,704,341
$5,356,661
-6%
Interest
$1,348,594
$1,581,339
+17%
Depreciation
$3,521,319
$3,822,521
+9%
Other
$12,574,952
$12,017,258
-4%
Total Expenses
$92,232,606
$92,973,653
+1%
Net income
2023
2024
Change
Net income
-$5,255,327
-$2,623,171
+50%
Functional Expenses
Summary
2023
2024
Change
Program
$76,620,904
$82,925,014
+8%
Admin
$13,964,250
$8,397,673
-40%
Fundraising
$1,647,452
$1,650,966
+0%
Total Expenses
$92,232,606
$92,973,653
+1%
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