CARROLL UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$137,477,502
Program Services
91%
Contributions
4%
Investments
4%
Government Grants
<1%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$144,694,179
Salaries & Benefits
35%
Grants
35%
Offices, Occupancy & IT
12%
Other
12%
Depreciation
5%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,367,665
$5,902,011
+75%
Government Grants
$1,676,685
$900,014
-46%
Fundraising Events
$70,932
$77,958
+10%
Program Services
$127,547,753
$125,238,212
-2%
Membership Dues
$0
$0
-
Investments
$4,640,927
$4,961,113
+7%
Other
-$995,749
$398,194
-140%
Total Revenues
$136,308,213
$137,477,502
+1%
Expenses
2023
2024
Change
Grants
$51,864,120
$50,430,389
-3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$49,027,362
$50,680,507
+3%
Fees to Service Providers
$498,211
$374,553
-25%
Advertising & Promotion
$334,200
$450,972
+35%
Offices, Occupancy & IT
$18,758,703
$17,584,207
-6%
Interest
$48,978
$93,474
+91%
Depreciation
$7,769,917
$7,641,247
-2%
Other
$14,660,743
$17,438,830
+19%
Total Expenses
$142,962,234
$144,694,179
+1%
Net income
2023
2024
Change
Net income
-$6,654,021
-$7,216,677
-8%
Functional Expenses
Summary
2023
2024
Change
Program
$128,149,072
$127,354,172
-1%
Admin
$13,387,359
$15,876,397
+19%
Fundraising
$1,425,803
$1,463,610
+3%
Total Expenses
$142,962,234
$144,694,179
+1%
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