Spring Arbor University
Income Statement
Fiscal Year Start:
Jun 1
Data visualization unavailable
Revenues in 2024
$62,400,836
Program Services
N/A
Contributions
N/A
Fundraising Events
N/A
Government Grants
N/A
Investments
N/A
Membership Dues
N/A
Expenses in 2024
$57,994,359
Salaries & Benefits
33%
Grants
28%
Other
13%
Offices, Occupancy & IT
12%
Advertising & Promotion
7%
Depreciation
4%
Fees to Service Providers
2%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,876,120
$9,355,745
+141%
Government Grants
$2,473,680
$307,491
-88%
Fundraising Events
$73,300
$594,275
+711%
Program Services
$51,694,260
$52,074,309
+1%
Membership Dues
$0
$0
-
Investments
$325,353
$282,539
-13%
Other
-$651,648
-$213,523
-67%
Total Revenues
$57,791,065
$62,400,836
+8%
Expenses
2023
2024
Change
Grants
$15,758,938
$16,217,011
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,309,040
$18,890,297
-7%
Fees to Service Providers
$1,181,371
$1,147,622
-3%
Advertising & Promotion
$4,509,321
$3,982,114
-12%
Offices, Occupancy & IT
$7,664,555
$7,028,856
-8%
Interest
$554,984
$547,299
-1%
Depreciation
$2,342,632
$2,483,434
+6%
Other
$7,064,852
$7,697,726
+9%
Total Expenses
$59,385,693
$57,994,359
-2%
Net income
2023
2024
Change
Net income
-$1,594,628
+$4,406,477
-376%
Functional Expenses
Summary
2023
2024
Change
Program
$53,714,800
$52,656,919
-2%
Admin
$4,950,261
$4,658,645
-6%
Fundraising
$720,632
$678,795
-6%
Total Expenses
$59,385,693
$57,994,359
-2%
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