UNIVERSITY OF DETROIT MERCY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$188,307,608
Program Services
80%
Contributions
10%
Government Grants
8%
Investments
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$179,251,221
Salaries & Benefits
61%
Offices, Occupancy & IT
10%
Fees to Service Providers
10%
Grants
6%
Depreciation
6%
Other
5%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$12,109,470
$18,681,952
+54%
Government Grants
$13,246,553
$15,409,342
+16%
Fundraising Events
$0
$0
-
Program Services
$145,714,339
$150,111,374
+3%
Membership Dues
$0
$0
-
Investments
$2,618,203
$3,213,501
+23%
Other
$2,408,417
$891,439
-63%
Total Revenues
$176,096,982
$188,307,608
+7%
Expenses
2023
2024
Change
Grants
$8,676,849
$10,324,022
+19%
Benefits to Members
$0
$0
-
Salaries & Benefits
$106,311,420
$109,018,816
+3%
Fees to Service Providers
$14,943,702
$17,558,773
+17%
Advertising & Promotion
$1,409,433
$1,602,615
+14%
Offices, Occupancy & IT
$17,852,825
$18,226,667
+2%
Interest
$2,026,603
$2,882,471
+42%
Depreciation
$9,191,750
$10,175,633
+11%
Other
$11,046,077
$9,462,224
-14%
Total Expenses
$171,458,659
$179,251,221
+5%
Net income
2023
2024
Change
Net income
+$4,638,323
+$9,056,387
+95%
Functional Expenses
Summary
2023
2024
Change
Program
$130,802,958
$137,342,341
+5%
Admin
$36,041,210
$38,905,113
+8%
Fundraising
$4,614,491
$3,003,767
-35%
Total Expenses
$171,458,659
$179,251,221
+5%
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