Evangel University
Income Statement
Fiscal Year Start:
May 1
Revenues in 2024
$69,972,206
Program Services
77%
Contributions
14%
Fundraising Events
6%
Other
2%
Investments
1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$67,943,225
Salaries & Benefits
37%
Grants
32%
Offices, Occupancy & IT
8%
Fees to Service Providers
7%
Other
7%
Depreciation
5%
Advertising & Promotion
2%
Interest
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$17,966,001
$9,536,195
-47%
Government Grants
$327,164
$327,164
+0%
Fundraising Events
$3,275,067
$3,871,051
+18%
Program Services
$50,790,632
$53,638,557
+6%
Membership Dues
$0
$0
-
Investments
$835,592
$983,565
+18%
Other
$1,993,115
$1,615,674
-19%
Total Revenues
$75,187,571
$69,972,206
-7%
Expenses
2023
2024
Change
Grants
$20,674,808
$21,713,790
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$23,154,457
$25,436,936
+10%
Fees to Service Providers
$5,143,360
$4,835,638
-6%
Advertising & Promotion
$914,520
$1,323,258
+45%
Offices, Occupancy & IT
$5,720,389
$5,287,372
-8%
Interest
$1,265,569
$1,283,058
+1%
Depreciation
$2,897,814
$3,611,509
+25%
Other
$4,022,166
$4,451,664
+11%
Total Expenses
$63,793,083
$67,943,225
+7%
Net income
2023
2024
Change
Net income
+$11,394,488
+$2,028,981
-82%
Functional Expenses
Summary
2023
2024
Change
Program
$52,717,051
$56,338,817
+7%
Admin
$9,387,666
$9,912,835
+6%
Fundraising
$1,688,366
$1,691,573
+0%
Total Expenses
$63,793,083
$67,943,225
+7%
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