BELOIT COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$82,394,916
Program Services
70%
Government Grants
12%
Contributions
12%
Other
4%
Investments
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$85,855,097
Grants
43%
Salaries & Benefits
28%
Other
10%
Fees to Service Providers
9%
Depreciation
5%
Offices, Occupancy & IT
4%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$14,168,853
$9,562,372
-33%
Government Grants
$4,149,407
$9,637,517
+132%
Fundraising Events
$0
$0
-
Program Services
$56,734,361
$57,751,709
+2%
Membership Dues
$0
$0
-
Investments
$1,493,788
$2,082,404
+39%
Other
$2,669,889
$3,360,914
+26%
Total Revenues
$79,216,298
$82,394,916
+4%
Expenses
2023
2024
Change
Grants
$36,036,908
$36,974,856
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$24,775,818
$24,439,057
-1%
Fees to Service Providers
$8,192,208
$7,617,063
-7%
Advertising & Promotion
$74,628
$165,989
+122%
Offices, Occupancy & IT
$3,934,508
$3,228,162
-18%
Interest
$1,131,218
$1,216,102
+8%
Depreciation
$3,845,640
$3,873,413
+1%
Other
$6,833,328
$8,340,455
+22%
Total Expenses
$84,824,256
$85,855,097
+1%
Net income
2023
2024
Change
Net income
-$5,607,958
-$3,460,181
+38%
Functional Expenses
Summary
2023
2024
Change
Program
$66,502,968
$67,541,734
+2%
Admin
$16,348,624
$16,302,827
0%
Fundraising
$1,972,664
$2,010,536
+2%
Total Expenses
$84,824,256
$85,855,097
+1%
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