HOPE COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$189,367,757
Program Services
84%
Contributions
7%
Other
4%
Government Grants
3%
Investments
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$201,600,333
Salaries & Benefits
40%
Grants
31%
Other
13%
Depreciation
6%
Fees to Service Providers
5%
Offices, Occupancy & IT
5%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$12,836,208
$12,871,358
+0%
Government Grants
$5,073,354
$5,356,150
+6%
Fundraising Events
$0
$0
-
Program Services
$151,353,838
$159,258,848
+5%
Membership Dues
$0
$0
-
Investments
$4,336,745
$4,822,471
+11%
Other
$8,069,900
$7,058,930
-13%
Total Revenues
$181,670,045
$189,367,757
+4%
Expenses
2023
2024
Change
Grants
$56,624,312
$61,673,139
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$74,842,223
$80,148,085
+7%
Fees to Service Providers
$7,393,801
$9,832,436
+33%
Advertising & Promotion
$715,347
$923,906
+29%
Offices, Occupancy & IT
$8,752,010
$9,308,149
+6%
Interest
$1,178,118
$1,146,169
-3%
Depreciation
$11,050,781
$11,985,915
+8%
Other
$26,615,135
$26,582,534
0%
Total Expenses
$187,171,727
$201,600,333
+8%
Net income
2023
2024
Change
Net income
-$5,501,682
-$12,232,576
-122%
Functional Expenses
Summary
2023
2024
Change
Program
$169,054,369
$180,431,019
+7%
Admin
$14,100,661
$16,803,831
+19%
Fundraising
$4,016,697
$4,365,483
+9%
Total Expenses
$187,171,727
$201,600,333
+8%
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