Madonna University
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$57,456,956
Program Services
86%
Other
10%
Contributions
2%
Investments
1%
Government Grants
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$62,369,085
Salaries & Benefits
37%
Grants
24%
Other
17%
Offices, Occupancy & IT
11%
Depreciation
6%
Interest
3%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,155,510
$1,176,695
+2%
Government Grants
$1,419,306
$702,706
-50%
Fundraising Events
$0
$0
-
Program Services
$49,717,126
$49,331,126
-1%
Membership Dues
$0
$0
-
Investments
$526,119
$774,282
+47%
Other
$1,961,010
$5,472,147
+179%
Total Revenues
$54,779,071
$57,456,956
+5%
Expenses
2023
2024
Change
Grants
$14,551,814
$15,219,417
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$22,568,822
$23,379,050
+4%
Fees to Service Providers
$499,095
$114,198
-77%
Advertising & Promotion
$179,689
$172,432
-4%
Offices, Occupancy & IT
$7,096,203
$7,049,738
-1%
Interest
$2,168,868
$2,042,999
-6%
Depreciation
$3,539,522
$3,537,148
0%
Other
$12,849,651
$10,854,103
-16%
Total Expenses
$63,453,664
$62,369,085
-2%
Net income
2023
2024
Change
Net income
-$8,674,593
-$4,912,129
+43%
Functional Expenses
Summary
2023
2024
Change
Program
$57,818,323
$57,233,375
-1%
Admin
$4,290,538
$3,894,286
-9%
Fundraising
$1,344,803
$1,241,424
-8%
Total Expenses
$63,453,664
$62,369,085
-2%
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