Simpson College
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$66,698,073
Program Services
86%
Contributions
6%
Other
4%
Investments
3%
Government Grants
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$78,665,274
Grants
41%
Salaries & Benefits
28%
Offices, Occupancy & IT
13%
Fees to Service Providers
6%
Other
6%
Depreciation
4%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,406,327
$3,910,622
-28%
Government Grants
$1,443,817
$904,264
-37%
Fundraising Events
$0
$15,480
-
Program Services
$53,538,068
$57,334,733
+7%
Membership Dues
$0
$0
-
Investments
$1,368,291
$1,703,639
+25%
Other
$1,839,788
$2,829,335
+54%
Total Revenues
$63,596,291
$66,698,073
+5%
Expenses
2023
2024
Change
Grants
$29,818,972
$32,279,128
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,909,117
$21,718,246
+4%
Fees to Service Providers
$3,489,140
$4,783,749
+37%
Advertising & Promotion
$519,207
$562,673
+8%
Offices, Occupancy & IT
$11,793,741
$10,274,267
-13%
Interest
$1,620,645
$1,443,292
-11%
Depreciation
$3,592,346
$2,984,108
-17%
Other
$4,298,415
$4,619,811
+7%
Total Expenses
$76,041,583
$78,665,274
+3%
Net income
2023
2024
Change
Net income
-$12,445,292
-$11,967,201
+4%
Functional Expenses
Summary
2023
2024
Change
Program
$66,166,913
$70,065,817
+6%
Admin
$8,525,587
$7,048,074
-17%
Fundraising
$1,349,083
$1,551,383
+15%
Total Expenses
$76,041,583
$78,665,274
+3%
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