PENN STATE HEALTH
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$866,020,903
Program Services
89%
Other
8%
Investments
3%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,033,760,536
Salaries & Benefits
57%
Offices, Occupancy & IT
17%
Other
10%
Grants
7%
Depreciation
4%
Fees to Service Providers
4%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$907,672
$743,613
-18%
Government Grants
$8,073,553
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$563,335,679
$773,691,912
+37%
Membership Dues
$0
$0
-
Investments
$20,820,995
$22,402,595
+8%
Other
$8,092,529
$69,182,783
+755%
Total Revenues
$601,230,428
$866,020,903
+44%
Expenses
2023
2024
Change
Grants
$407,280
$72,506,613
+17703%
Benefits to Members
$0
$0
-
Salaries & Benefits
$543,687,527
$593,497,944
+9%
Fees to Service Providers
$43,353,316
$44,916,620
+4%
Advertising & Promotion
$6,919,739
$5,795,724
-16%
Offices, Occupancy & IT
$132,107,023
$170,709,617
+29%
Interest
$8,043,403
$1,423,044
-82%
Depreciation
$51,707,485
$46,380,314
-10%
Other
$95,115,976
$98,530,660
+4%
Total Expenses
$881,341,749
$1,033,760,536
+17%
Net income
2023
2024
Change
Net income
-$280,111,321
-$167,739,633
+40%
Functional Expenses
Summary
2023
2024
Change
Program
$712,327,611
$847,828,163
+19%
Admin
$169,014,138
$185,932,373
+10%
Fundraising
$0
$0
-
Total Expenses
$881,341,749
$1,033,760,536
+17%
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