DAVENPORT UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$125,921,834
Program Services
86%
Other
11%
Contributions
2%
Government Grants
1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$128,282,948
Salaries & Benefits
34%
Grants
33%
Other
10%
Offices, Occupancy & IT
8%
Depreciation
6%
Fees to Service Providers
4%
Advertising & Promotion
3%
Interest
1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$1,784,585
$2,446,512
+37%
Government Grants
$2,379,601
$1,420,244
-40%
Fundraising Events
$0
$0
-
Program Services
$102,956,782
$108,130,227
+5%
Membership Dues
$0
$0
-
Investments
$545,328
$481,394
-12%
Other
$11,442,235
$13,443,457
+17%
Total Revenues
$119,108,531
$125,921,834
+6%
Expenses
2024
2025
Change
Grants
$40,430,480
$42,497,502
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$41,946,986
$44,068,490
+5%
Fees to Service Providers
$4,690,107
$4,854,698
+4%
Advertising & Promotion
$3,794,049
$3,916,139
+3%
Offices, Occupancy & IT
$10,122,548
$10,301,264
+2%
Interest
$1,985,301
$1,729,310
-13%
Depreciation
$8,308,581
$8,286,536
0%
Other
$11,971,653
$12,629,009
+5%
Total Expenses
$123,249,705
$128,282,948
+4%
Net income
2024
2025
Change
Net income
-$4,141,174
-$2,361,114
+43%
Functional Expenses
Summary
2024
2025
Change
Program
$106,294,349
$109,962,032
+3%
Admin
$16,326,577
$17,485,015
+7%
Fundraising
$628,779
$835,901
+33%
Total Expenses
$123,249,705
$128,282,948
+4%
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