Grand Canyon University
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$2,009,925,571
Program Services
98%
Investments
1%
Contributions
<1%
Government Grants
<1%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$1,974,185,329
Fees to Service Providers
50%
Grants
20%
Salaries & Benefits
15%
Other
6%
Interest
4%
Depreciation
3%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$20,181,687
$7,486,749
-63%
Government Grants
$36,723
$4,209,723
+11363%
Fundraising Events
$22,693
$495,628
+2084%
Program Services
$1,824,330,311
$1,974,360,158
+8%
Membership Dues
$0
$0
-
Investments
$25,806,082
$22,850,607
-11%
Other
$358,339
$522,706
+46%
Total Revenues
$1,870,735,835
$2,009,925,571
+7%
Expenses
2024
2025
Change
Grants
$360,591,247
$386,098,916
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$275,309,371
$304,555,578
+11%
Fees to Service Providers
$913,112,407
$983,369,826
+8%
Advertising & Promotion
$895,420
$1,021,491
+14%
Offices, Occupancy & IT
$44,475,776
$48,332,031
+9%
Interest
$63,025,617
$74,232,132
+18%
Depreciation
$62,208,764
$62,639,741
+1%
Other
$117,341,226
$113,935,614
-3%
Total Expenses
$1,836,959,828
$1,974,185,329
+7%
Net income
2024
2025
Change
Net income
+$33,776,007
+$35,740,242
+6%
Functional Expenses
Summary
2024
2025
Change
Program
$1,797,355,753
$1,929,226,910
+7%
Admin
$37,604,485
$42,396,834
+13%
Fundraising
$1,999,590
$2,561,585
+28%
Total Expenses
$1,836,959,828
$1,974,185,329
+7%
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