OTTAWA UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$95,858,490
Program Services
91%
Other
4%
Contributions
4%
Government Grants
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$101,921,773
Grants
34%
Salaries & Benefits
28%
Fees to Service Providers
10%
Other
10%
Interest
6%
Offices, Occupancy & IT
6%
Depreciation
5%
Advertising & Promotion
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,965,348
$3,398,397
-14%
Government Grants
$1,827,484
$584,000
-68%
Fundraising Events
$0
$0
-
Program Services
$84,208,082
$87,402,616
+4%
Membership Dues
$0
$0
-
Investments
$403,527
$497,267
+23%
Other
$5,122,817
$3,976,210
-22%
Total Revenues
$95,527,258
$95,858,490
+0%
Expenses
2023
2024
Change
Grants
$29,812,627
$34,579,960
+16%
Benefits to Members
$0
$0
-
Salaries & Benefits
$28,795,480
$28,591,504
-1%
Fees to Service Providers
$12,031,996
$10,609,409
-12%
Advertising & Promotion
$1,702,826
$1,771,033
+4%
Offices, Occupancy & IT
$6,316,568
$5,661,102
-10%
Interest
$4,590,549
$5,719,225
+25%
Depreciation
$4,760,856
$5,127,089
+8%
Other
$8,923,113
$9,862,451
+11%
Total Expenses
$96,934,015
$101,921,773
+5%
Net income
2023
2024
Change
Net income
-$1,406,757
-$6,063,283
-331%
Functional Expenses
Summary
2023
2024
Change
Program
$82,460,931
$88,980,531
+8%
Admin
$13,445,228
$11,900,139
-11%
Fundraising
$1,027,856
$1,041,103
+1%
Total Expenses
$96,934,015
$101,921,773
+5%
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