GUSTAVUS ADOLPHUS COLLEGE
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$145,945,868
Program Services
85%
Contributions
8%
Other
3%
Investments
2%
Government Grants
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$154,076,541
Grants
40%
Salaries & Benefits
35%
Other
10%
Depreciation
6%
Offices, Occupancy & IT
5%
Fees to Service Providers
2%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,765,680
$12,369,639
+15%
Government Grants
$2,402,226
$1,528,320
-36%
Fundraising Events
$800,400
$123,175
-85%
Program Services
$130,419,658
$124,230,117
-5%
Membership Dues
$0
$0
-
Investments
$1,760,599
$2,606,294
+48%
Other
$4,373,450
$5,088,323
+16%
Total Revenues
$150,522,013
$145,945,868
-3%
Expenses
2023
2024
Change
Grants
$63,044,218
$61,584,658
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$54,423,625
$53,301,392
-2%
Fees to Service Providers
$3,203,785
$3,135,589
-2%
Advertising & Promotion
$1,222,042
$1,265,178
+4%
Offices, Occupancy & IT
$7,556,415
$7,813,846
+3%
Interest
$2,430,941
$2,367,616
-3%
Depreciation
$9,414,488
$9,749,828
+4%
Other
$17,289,408
$14,858,434
-14%
Total Expenses
$158,584,922
$154,076,541
-3%
Net income
2023
2024
Change
Net income
-$8,062,909
-$8,130,673
-1%
Functional Expenses
Summary
2023
2024
Change
Program
$147,488,602
$143,727,341
-3%
Admin
$7,326,718
$6,765,198
-8%
Fundraising
$3,769,602
$3,584,002
-5%
Total Expenses
$158,584,922
$154,076,541
-3%
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