KETTERING UNIVERSITY
KETTERING UNIVERSITY
KETTERING UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$88,324,433
Program Services
76%
Contributions
17%
Investments
3%
Government Grants
2%
Other
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$95,227,091
Salaries & Benefits
39%
Grants
29%
Fees to Service Providers
12%
Other
7%
Depreciation
6%
Offices, Occupancy & IT
5%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$16,243,508
$15,200,490
-6%
Government Grants
$831,009
$1,983,314
+139%
Fundraising Events
$0
$0
-
Program Services
$83,484,573
$66,995,905
-20%
Membership Dues
$0
$0
-
Investments
$2,187,186
$2,411,424
+10%
Other
$1,505,608
$1,733,300
+15%
Total Revenues
$104,251,884
$88,324,433
-15%
Expenses
2023
2024
Change
Grants
$40,708,175
$27,589,707
-32%
Benefits to Members
$0
$0
-
Salaries & Benefits
$36,146,836
$37,479,133
+4%
Fees to Service Providers
$10,931,053
$11,499,574
+5%
Advertising & Promotion
$64,578
$91,646
+42%
Offices, Occupancy & IT
$4,456,428
$4,439,008
0%
Interest
$1,433,619
$1,404,577
-2%
Depreciation
$5,872,498
$5,979,856
+2%
Other
$6,576,639
$6,743,590
+3%
Total Expenses
$106,189,826
$95,227,091
-10%
Net income
2023
2024
Change
Net income
-$1,937,942
-$6,902,658
-256%
Functional Expenses
Summary
2023
2024
Change
Program
$96,433,026
$80,399,766
-17%
Admin
$7,514,187
$11,960,798
+59%
Fundraising
$2,242,613
$2,866,527
+28%
Total Expenses
$106,189,826
$95,227,091
-10%
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