CORNELL COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$87,741,912
Program Services
78%
Contributions
18%
Investments
3%
Other
2%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2025
$86,343,392
Grants
46%
Salaries & Benefits
27%
Other
8%
Offices, Occupancy & IT
8%
Depreciation
8%
Interest
2%
Advertising & Promotion
1%
Fees to Service Providers
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$12,792,285
$15,637,834
+22%
Government Grants
$0
$0
-
Fundraising Events
$0
$3,645
-
Program Services
$65,278,441
$68,104,442
+4%
Membership Dues
$0
$0
-
Investments
$2,753,379
$2,641,535
-4%
Other
$7,050,100
$1,354,456
-81%
Total Revenues
$87,874,205
$87,741,912
0%
Expenses
2024
2025
Change
Grants
$36,965,410
$39,351,490
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$23,251,914
$22,905,943
-1%
Fees to Service Providers
$653,168
$637,916
-2%
Advertising & Promotion
$1,244,900
$1,253,989
+1%
Offices, Occupancy & IT
$7,311,633
$6,842,959
-6%
Interest
$1,909,301
$1,556,980
-18%
Depreciation
$7,274,022
$6,511,397
-10%
Other
$7,684,542
$7,282,718
-5%
Total Expenses
$86,294,890
$86,343,392
+0%
Net income
2024
2025
Change
Net income
+$1,579,315
+$1,398,520
-11%
Functional Expenses
Summary
2024
2025
Change
Program
$77,659,627
$78,542,411
+1%
Admin
$5,946,401
$5,129,451
-14%
Fundraising
$2,688,862
$2,671,530
-1%
Total Expenses
$86,294,890
$86,343,392
+0%
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