MORNINGSIDE COLLEGE
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$67,572,023
Program Services
83%
Contributions
9%
Investments
3%
Government Grants
2%
Other
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$65,811,058
Grants
37%
Salaries & Benefits
35%
Other
16%
Depreciation
4%
Offices, Occupancy & IT
4%
Interest
2%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,182,664
$6,335,447
+99%
Government Grants
$1,245,807
$1,661,365
+33%
Fundraising Events
$0
$0
-
Program Services
$54,984,524
$56,324,410
+2%
Membership Dues
$0
$0
-
Investments
$1,539,269
$1,821,514
+18%
Other
$2,444,574
$1,429,287
-42%
Total Revenues
$63,396,838
$67,572,023
+7%
Expenses
2023
2024
Change
Grants
$22,518,071
$24,147,661
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$23,560,495
$23,173,908
-2%
Fees to Service Providers
$846,505
$947,865
+12%
Advertising & Promotion
$227,827
$225,781
-1%
Offices, Occupancy & IT
$2,887,129
$2,806,492
-3%
Interest
$877,725
$1,206,486
+37%
Depreciation
$2,909,076
$2,883,109
-1%
Other
$10,539,168
$10,419,756
-1%
Total Expenses
$64,365,996
$65,811,058
+2%
Net income
2023
2024
Change
Net income
-$969,158
+$1,760,965
-282%
Functional Expenses
Summary
2023
2024
Change
Program
$53,970,045
$55,748,993
+3%
Admin
$8,949,601
$8,568,897
-4%
Fundraising
$1,446,350
$1,493,168
+3%
Total Expenses
$64,365,996
$65,811,058
+2%
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