MOUNT MERCY UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$53,059,982
Program Services
89%
Contributions
7%
Other
2%
Investments
2%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$56,181,364
Grants
41%
Salaries & Benefits
33%
Other
7%
Fees to Service Providers
7%
Depreciation
5%
Offices, Occupancy & IT
3%
Advertising & Promotion
2%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,242,534
$3,594,430
-42%
Government Grants
$171,603
$158,296
-8%
Fundraising Events
$48,784
$78,487
+61%
Program Services
$46,095,226
$47,042,786
+2%
Membership Dues
$0
$0
-
Investments
$656,695
$929,893
+42%
Other
$1,168,764
$1,256,090
+7%
Total Revenues
$54,383,606
$53,059,982
-2%
Expenses
2023
2024
Change
Grants
$21,836,920
$22,903,616
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,169,070
$18,542,146
-3%
Fees to Service Providers
$4,436,048
$4,057,726
-9%
Advertising & Promotion
$1,422,039
$1,355,883
-5%
Offices, Occupancy & IT
$2,480,447
$1,867,038
-25%
Interest
$567,655
$541,681
-5%
Depreciation
$2,825,783
$2,703,208
-4%
Other
$4,668,225
$4,210,066
-10%
Total Expenses
$57,406,187
$56,181,364
-2%
Net income
2023
2024
Change
Net income
-$3,022,581
-$3,121,382
-3%
Functional Expenses
Summary
2023
2024
Change
Program
$51,383,750
$50,911,506
-1%
Admin
$5,082,754
$4,292,245
-16%
Fundraising
$939,683
$977,613
+4%
Total Expenses
$57,406,187
$56,181,364
-2%
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