GRACELAND UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$46,842,904
Program Services
80%
Contributions
11%
Other
5%
Government Grants
4%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$56,963,511
Salaries & Benefits
32%
Grants
31%
Fees to Service Providers
12%
Offices, Occupancy & IT
10%
Other
6%
Depreciation
6%
Advertising & Promotion
3%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,813,648
$4,920,393
-37%
Government Grants
$1,997,470
$1,765,086
-12%
Fundraising Events
$2,995
$10,304
+244%
Program Services
$34,731,172
$37,658,996
+8%
Membership Dues
$0
$0
-
Investments
$216,507
$186,991
-14%
Other
$5,546,280
$2,301,134
-59%
Total Revenues
$50,308,072
$46,842,904
-7%
Expenses
2023
2024
Change
Grants
$16,050,386
$17,683,657
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,001,417
$18,078,692
+6%
Fees to Service Providers
$5,860,357
$6,686,743
+14%
Advertising & Promotion
$1,406,430
$1,740,008
+24%
Offices, Occupancy & IT
$4,381,374
$5,532,860
+26%
Interest
$647,068
$625,404
-3%
Depreciation
$3,037,139
$3,172,707
+4%
Other
$3,185,229
$3,443,440
+8%
Total Expenses
$51,569,400
$56,963,511
+10%
Net income
2023
2024
Change
Net income
-$1,261,328
-$10,120,607
-702%
Functional Expenses
Summary
2023
2024
Change
Program
$46,175,587
$50,316,114
+9%
Admin
$3,683,670
$4,870,024
+32%
Fundraising
$1,710,143
$1,777,373
+4%
Total Expenses
$51,569,400
$56,963,511
+10%
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