LAWRENCE TECHNOLOGICAL UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Data visualization unavailable
Revenues in 2024
$92,157,650
Program Services
N/A
Contributions
N/A
Government Grants
N/A
Investments
N/A
Fundraising Events
N/A
Membership Dues
N/A
Expenses in 2024
$93,982,611
Other
71%
Offices, Occupancy & IT
9%
Salaries & Benefits
8%
Depreciation
8%
Interest
3%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,656,635
$12,404,142
+86%
Government Grants
$4,014,774
$6,262,628
+56%
Fundraising Events
$0
$0
-
Program Services
$68,543,410
$71,061,337
+4%
Membership Dues
$0
$0
-
Investments
$2,985,070
$2,906,709
-3%
Other
-$457,605
-$477,166
+4%
Total Revenues
$81,742,284
$92,157,650
+13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$46,243,043
$7,924,743
-83%
Fees to Service Providers
$307,428
$348,046
+13%
Advertising & Promotion
$638,191
$350,454
-45%
Offices, Occupancy & IT
$7,740,310
$8,454,483
+9%
Interest
$2,389,028
$2,703,604
+13%
Depreciation
$6,027,722
$7,591,936
+26%
Other
$22,876,862
$66,609,345
+191%
Total Expenses
$86,222,584
$93,982,611
+9%
Net income
2023
2024
Change
Net income
-$4,480,300
-$1,824,961
+59%
Functional Expenses
Summary
2023
2024
Change
Program
$60,609,041
$66,568,681
+10%
Admin
$19,091,321
$19,986,912
+5%
Fundraising
$6,522,222
$7,427,018
+14%
Total Expenses
$86,222,584
$93,982,611
+9%
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