DAVENPORT UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$119,108,531
Program Services
86%
Other
10%
Government Grants
2%
Contributions
1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$123,249,705
Salaries & Benefits
34%
Grants
33%
Other
10%
Offices, Occupancy & IT
8%
Depreciation
7%
Fees to Service Providers
4%
Advertising & Promotion
3%
Interest
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,079,487
$1,784,585
-56%
Government Grants
$2,886,816
$2,379,601
-18%
Fundraising Events
$0
$0
-
Program Services
$97,914,900
$102,956,782
+5%
Membership Dues
$0
$0
-
Investments
$594,978
$545,328
-8%
Other
$13,153,274
$11,442,235
-13%
Total Revenues
$118,629,455
$119,108,531
+0%
Expenses
2023
2024
Change
Grants
$38,378,033
$40,430,480
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$50,210,660
$41,946,986
-16%
Fees to Service Providers
$4,935,895
$4,690,107
-5%
Advertising & Promotion
$4,469,578
$3,794,049
-15%
Offices, Occupancy & IT
$10,413,917
$10,122,548
-3%
Interest
$1,680,938
$1,985,301
+18%
Depreciation
$8,387,432
$8,308,581
-1%
Other
$11,858,188
$11,971,653
+1%
Total Expenses
$130,334,641
$123,249,705
-5%
Net income
2023
2024
Change
Net income
-$11,705,186
-$4,141,174
+65%
Functional Expenses
Summary
2023
2024
Change
Program
$108,474,246
$106,294,349
-2%
Admin
$20,997,058
$16,326,577
-22%
Fundraising
$863,337
$628,779
-27%
Total Expenses
$130,334,641
$123,249,705
-5%
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