COLLEGE FOR CREATIVE STUDIES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$91,257,434
Program Services
72%
Other
14%
Contributions
6%
Government Grants
6%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$97,859,307
Grants
38%
Salaries & Benefits
32%
Offices, Occupancy & IT
11%
Depreciation
7%
Other
6%
Fees to Service Providers
4%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,725,236
$5,415,715
-30%
Government Grants
$4,836,178
$5,412,254
+12%
Fundraising Events
$170,209
$180,211
+6%
Program Services
$63,808,727
$65,898,010
+3%
Membership Dues
$0
$0
-
Investments
$924,991
$1,263,220
+37%
Other
$17,052,510
$13,088,024
-23%
Total Revenues
$94,517,851
$91,257,434
-3%
Expenses
2023
2024
Change
Grants
$34,480,456
$36,817,764
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$32,505,492
$31,022,691
-5%
Fees to Service Providers
$3,326,434
$3,565,752
+7%
Advertising & Promotion
$1,136,480
$895,089
-21%
Offices, Occupancy & IT
$11,507,018
$10,939,109
-5%
Interest
$1,682,089
$1,632,313
-3%
Depreciation
$7,361,821
$7,212,952
-2%
Other
$5,264,008
$5,773,637
+10%
Total Expenses
$97,263,798
$97,859,307
+1%
Net income
2023
2024
Change
Net income
-$2,745,947
-$6,601,873
-140%
Functional Expenses
Summary
2023
2024
Change
Program
$66,996,516
$69,822,725
+4%
Admin
$29,193,280
$26,894,934
-8%
Fundraising
$1,074,002
$1,141,648
+6%
Total Expenses
$97,263,798
$97,859,307
+1%
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