MCPHERSON COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$63,455,399
Program Services
53%
Contributions
42%
Government Grants
2%
Investments
2%
Other
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$43,902,901
Grants
41%
Salaries & Benefits
30%
Other
13%
Offices, Occupancy & IT
6%
Fees to Service Providers
5%
Depreciation
4%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$655,490,954
$26,687,955
-96%
Government Grants
$1,106,487
$1,182,977
+7%
Fundraising Events
$0
$0
-
Program Services
$31,826,635
$33,543,452
+5%
Membership Dues
$0
$0
-
Investments
$2,081,149
$1,023,622
-51%
Other
$137,379
$1,017,393
+641%
Total Revenues
$690,642,604
$63,455,399
-91%
Expenses
2023
2024
Change
Grants
$17,304,660
$17,781,743
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,486,819
$13,232,141
+6%
Fees to Service Providers
$2,563,740
$2,095,670
-18%
Advertising & Promotion
$907,618
$271,882
-70%
Offices, Occupancy & IT
$2,836,475
$2,828,278
0%
Interest
$441,243
$391,113
-11%
Depreciation
$1,482,971
$1,642,013
+11%
Other
$5,921,600
$5,660,061
-4%
Total Expenses
$43,945,126
$43,902,901
0%
Net income
2023
2024
Change
Net income
+$646,697,478
+$19,552,498
-97%
Functional Expenses
Summary
2023
2024
Change
Program
$37,237,342
$36,966,568
-1%
Admin
$5,000,048
$5,187,720
+4%
Fundraising
$1,707,736
$1,748,613
+2%
Total Expenses
$43,945,126
$43,902,901
0%
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