THOMAS M COOLEY LAW SCHOOL
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$33,130,098
Program Services
60%
Other
30%
Investments
7%
Contributions
2%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$32,728,889
Salaries & Benefits
47%
Offices, Occupancy & IT
12%
Interest
11%
Grants
10%
Depreciation
8%
Other
7%
Fees to Service Providers
4%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$573,690
$752,658
+31%
Government Grants
$352,552
$279,058
-21%
Fundraising Events
$22,650
$12,945
-43%
Program Services
$19,853,147
$19,958,230
+1%
Membership Dues
$0
$0
-
Investments
$2,133,619
$2,290,952
+7%
Other
$660,466
$9,836,255
+1389%
Total Revenues
$23,596,124
$33,130,098
+40%
Expenses
2023
2024
Change
Grants
$3,694,379
$3,267,543
-12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,880,244
$15,272,908
-15%
Fees to Service Providers
$1,093,634
$1,243,894
+14%
Advertising & Promotion
$329,494
$365,655
+11%
Offices, Occupancy & IT
$3,435,783
$4,012,482
+17%
Interest
$4,174,003
$3,692,769
-12%
Depreciation
$3,036,129
$2,593,063
-15%
Other
$2,129,489
$2,280,575
+7%
Total Expenses
$35,773,155
$32,728,889
-9%
Net income
2023
2024
Change
Net income
-$12,177,031
+$401,209
-103%
Functional Expenses
Summary
2023
2024
Change
Program
$30,034,434
$27,642,496
-8%
Admin
$5,533,703
$4,907,529
-11%
Fundraising
$205,018
$178,864
-13%
Total Expenses
$35,773,155
$32,728,889
-9%
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