NORTHLAND COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$30,711,231
Program Services
72%
Contributions
23%
Government Grants
3%
Other
1%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$33,285,449
Grants
38%
Salaries & Benefits
31%
Offices, Occupancy & IT
11%
Other
10%
Depreciation
5%
Fees to Service Providers
4%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,807,988
$7,066,468
+152%
Government Grants
$937,505
$869,108
-7%
Fundraising Events
$16,250
$2,850
-82%
Program Services
$23,930,215
$22,165,214
-7%
Membership Dues
$0
$0
-
Investments
$99,401
$225,630
+127%
Other
-$1,212,426
$381,961
-132%
Total Revenues
$26,578,933
$30,711,231
+16%
Expenses
2023
2024
Change
Grants
$13,640,102
$12,723,646
-7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,032,751
$10,201,961
+2%
Fees to Service Providers
$1,214,667
$1,253,767
+3%
Advertising & Promotion
$192,334
$149,151
-22%
Offices, Occupancy & IT
$3,761,914
$3,736,790
-1%
Interest
$0
$72,651
-
Depreciation
$1,865,994
$1,685,333
-10%
Other
$3,525,364
$3,462,150
-2%
Total Expenses
$34,233,126
$33,285,449
-3%
Net income
2023
2024
Change
Net income
-$7,654,193
-$2,574,218
+66%
Functional Expenses
Summary
2023
2024
Change
Program
$29,913,943
$28,494,901
-5%
Admin
$3,770,133
$4,240,910
+12%
Fundraising
$549,050
$549,638
+0%
Total Expenses
$34,233,126
$33,285,449
-3%
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