THE SOUTHWESTERN COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$33,111,495
Program Services
84%
Contributions
11%
Government Grants
3%
Investments
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$32,936,826
Grants
42%
Salaries & Benefits
31%
Other
12%
Offices, Occupancy & IT
7%
Depreciation
5%
Interest
2%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,232,322
$3,481,154
+8%
Government Grants
$1,253,565
$986,881
-21%
Fundraising Events
$0
$0
-
Program Services
$28,110,101
$27,885,793
-1%
Membership Dues
$0
$0
-
Investments
$1,561,079
$698,742
-55%
Other
$56,593
$58,925
+4%
Total Revenues
$34,213,660
$33,111,495
-3%
Expenses
2023
2024
Change
Grants
$13,563,402
$13,982,700
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,432,037
$10,173,608
-11%
Fees to Service Providers
$3,267,827
$476,781
-85%
Advertising & Promotion
$237,089
$230,013
-3%
Offices, Occupancy & IT
$3,044,598
$2,144,553
-30%
Interest
$304,959
$517,866
+70%
Depreciation
$1,450,009
$1,579,128
+9%
Other
$2,629,163
$3,832,177
+46%
Total Expenses
$35,929,084
$32,936,826
-8%
Net income
2023
2024
Change
Net income
-$1,715,424
+$174,669
-110%
Functional Expenses
Summary
2023
2024
Change
Program
$28,295,754
$28,183,940
0%
Admin
$7,146,161
$4,394,546
-39%
Fundraising
$487,169
$358,340
-26%
Total Expenses
$35,929,084
$32,936,826
-8%
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