THE TRUSTEES OF GRINNELL COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$397,436,581
Other
59%
Program Services
33%
Investments
5%
Contributions
3%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$247,771,574
Salaries & Benefits
39%
Grants
30%
Offices, Occupancy & IT
10%
Other
10%
Depreciation
6%
Fees to Service Providers
3%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$14,119,449
$10,930,991
-23%
Government Grants
$2,604,272
$1,173,847
-55%
Fundraising Events
$0
$0
-
Program Services
$125,562,938
$131,669,818
+5%
Membership Dues
$0
$0
-
Investments
$16,070,554
$18,585,109
+16%
Other
$206,089,212
$235,076,816
+14%
Total Revenues
$364,446,425
$397,436,581
+9%
Expenses
2023
2024
Change
Grants
$69,009,919
$74,231,930
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$90,827,658
$96,554,063
+6%
Fees to Service Providers
$9,377,120
$7,836,421
-16%
Advertising & Promotion
$810,110
$516,517
-36%
Offices, Occupancy & IT
$22,075,317
$23,907,074
+8%
Interest
$6,368,030
$6,163,661
-3%
Depreciation
$14,045,716
$14,696,378
+5%
Other
$24,309,869
$23,865,530
-2%
Total Expenses
$236,823,739
$247,771,574
+5%
Net income
2023
2024
Change
Net income
+$127,622,686
+$149,665,007
+17%
Functional Expenses
Summary
2023
2024
Change
Program
$206,557,750
$218,318,480
+6%
Admin
$23,561,484
$22,582,749
-4%
Fundraising
$6,704,505
$6,870,345
+2%
Total Expenses
$236,823,739
$247,771,574
+5%
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