MIDLAND UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2025
$64,520,611
Program Services
87%
Contributions
6%
Other
5%
Government Grants
1%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$64,545,793
Grants
47%
Salaries & Benefits
27%
Other
16%
Offices, Occupancy & IT
4%
Depreciation
4%
Fees to Service Providers
<1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$5,110,080
$3,864,255
-24%
Government Grants
$1,075,671
$806,501
-25%
Fundraising Events
$22,330
$25,920
+16%
Program Services
$54,228,156
$55,823,862
+3%
Membership Dues
$0
$0
-
Investments
$457,751
$561,211
+23%
Other
$1,407,410
$3,438,862
+144%
Total Revenues
$62,301,398
$64,520,611
+4%
Expenses
2024
2025
Change
Grants
$29,548,973
$30,612,715
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,965,903
$17,345,209
+2%
Fees to Service Providers
$602,609
$507,109
-16%
Advertising & Promotion
$384,923
$394,135
+2%
Offices, Occupancy & IT
$2,856,137
$2,820,638
-1%
Interest
$455,470
$433,837
-5%
Depreciation
$2,272,523
$2,332,243
+3%
Other
$9,752,801
$10,099,907
+4%
Total Expenses
$62,839,339
$64,545,793
+3%
Net income
2024
2025
Change
Net income
-$537,941
-$25,182
+95%
Functional Expenses
Summary
2024
2025
Change
Program
$56,272,751
$57,831,728
+3%
Admin
$5,767,084
$5,923,896
+3%
Fundraising
$799,504
$790,169
-1%
Total Expenses
$62,839,339
$64,545,793
+3%
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