University of St Thomas
University of St Thomas
University of St Thomas
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$513,572,567
Program Services
77%
Contributions
12%
Other
6%
Investments
2%
Government Grants
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$502,030,131
Salaries & Benefits
41%
Grants
39%
Other
6%
Offices, Occupancy & IT
5%
Depreciation
4%
Interest
3%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$116,444,763
$63,550,445
-45%
Government Grants
$6,339,269
$11,934,735
+88%
Fundraising Events
$265,607
$379,183
+43%
Program Services
$375,404,064
$395,623,941
+5%
Membership Dues
$0
$0
-
Investments
$10,143,008
$12,819,533
+26%
Other
$28,479,245
$29,264,730
+3%
Total Revenues
$537,075,956
$513,572,567
-4%
Expenses
2023
2024
Change
Grants
$180,306,115
$196,194,060
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$198,984,030
$206,294,200
+4%
Fees to Service Providers
$9,605,015
$9,494,209
-1%
Advertising & Promotion
$2,836,791
$2,674,140
-6%
Offices, Occupancy & IT
$24,114,387
$25,395,984
+5%
Interest
$12,089,488
$14,515,795
+20%
Depreciation
$16,401,645
$19,524,151
+19%
Other
$24,752,793
$27,937,592
+13%
Total Expenses
$469,090,264
$502,030,131
+7%
Net income
2023
2024
Change
Net income
+$67,985,692
+$11,542,436
-83%
Functional Expenses
Summary
2023
2024
Change
Program
$425,718,803
$455,326,583
+7%
Admin
$31,417,706
$34,087,061
+8%
Fundraising
$11,953,755
$12,616,487
+6%
Total Expenses
$469,090,264
$502,030,131
+7%
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