NORTHWESTERN COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$67,224,017
Program Services
77%
Contributions
12%
Other
7%
Investments
3%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$59,657,302
Salaries & Benefits
36%
Grants
36%
Other
15%
Depreciation
6%
Offices, Occupancy & IT
4%
Advertising & Promotion
1%
Fees to Service Providers
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,317,875
$8,080,654
+28%
Government Grants
$888,001
$391,554
-56%
Fundraising Events
$30,373
$26,840
-12%
Program Services
$49,932,491
$51,449,276
+3%
Membership Dues
$0
$0
-
Investments
$1,651,335
$2,344,879
+42%
Other
$5,039,623
$4,930,814
-2%
Total Revenues
$63,859,698
$67,224,017
+5%
Expenses
2023
2024
Change
Grants
$20,852,002
$21,490,000
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$21,411,131
$21,726,435
+1%
Fees to Service Providers
$493,049
$532,468
+8%
Advertising & Promotion
$724,138
$748,300
+3%
Offices, Occupancy & IT
$2,100,459
$2,352,807
+12%
Interest
$63,170
$55,136
-13%
Depreciation
$3,941,042
$3,820,111
-3%
Other
$8,638,813
$8,932,045
+3%
Total Expenses
$58,223,804
$59,657,302
+2%
Net income
2023
2024
Change
Net income
+$5,635,894
+$7,566,715
+34%
Functional Expenses
Summary
2023
2024
Change
Program
$51,406,789
$52,571,919
+2%
Admin
$5,693,822
$5,850,162
+3%
Fundraising
$1,123,193
$1,235,221
+10%
Total Expenses
$58,223,804
$59,657,302
+2%
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