University of Mary
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$127,054,830
Program Services
66%
Contributions
28%
Government Grants
2%
Investments
2%
Fundraising Events
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$100,606,541
Salaries & Benefits
38%
Grants
23%
Other
20%
Offices, Occupancy & IT
7%
Depreciation
5%
Fees to Service Providers
4%
Advertising & Promotion
2%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$8,206,351
$36,096,141
+340%
Government Grants
$1,433,154
$2,829,225
+97%
Fundraising Events
$1,094,963
$1,205,581
+10%
Program Services
$77,645,636
$83,766,878
+8%
Membership Dues
$0
$0
-
Investments
$2,014,376
$2,217,773
+10%
Other
$5,316,277
$939,232
-82%
Total Revenues
$95,710,757
$127,054,830
+33%
Expenses
2023
2024
Change
Grants
$20,217,741
$23,175,865
+15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$36,112,619
$37,969,679
+5%
Fees to Service Providers
$4,660,586
$4,149,427
-11%
Advertising & Promotion
$1,854,374
$1,866,586
+1%
Offices, Occupancy & IT
$7,241,286
$6,953,246
-4%
Interest
$1,647,992
$1,492,773
-9%
Depreciation
$4,952,899
$5,265,132
+6%
Other
$12,976,914
$19,733,833
+52%
Total Expenses
$89,664,411
$100,606,541
+12%
Net income
2023
2024
Change
Net income
+$6,046,346
+$26,448,289
+337%
Functional Expenses
Summary
2023
2024
Change
Program
$74,318,288
$86,296,442
+16%
Admin
$10,984,791
$9,737,044
-11%
Fundraising
$4,361,332
$4,573,055
+5%
Total Expenses
$89,664,411
$100,606,541
+12%
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