Friends University
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$54,860,812
Program Services
73%
Other
18%
Contributions
5%
Investments
2%
Government Grants
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$53,173,355
Salaries & Benefits
31%
Grants
30%
Fees to Service Providers
16%
Offices, Occupancy & IT
11%
Other
8%
Depreciation
3%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,272,837
$2,526,346
-41%
Government Grants
$745,112
$1,148,120
+54%
Fundraising Events
$0
$0
-
Program Services
$37,138,021
$39,986,191
+8%
Membership Dues
$0
$0
-
Investments
$1,253,510
$1,329,954
+6%
Other
$1,804,875
$9,870,201
+447%
Total Revenues
$45,214,355
$54,860,812
+21%
Expenses
2023
2024
Change
Grants
$14,541,567
$16,114,796
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,186,978
$16,532,612
+2%
Fees to Service Providers
$3,936,394
$8,364,380
+112%
Advertising & Promotion
$282,559
$292,567
+4%
Offices, Occupancy & IT
$4,882,945
$5,838,324
+20%
Interest
$82,813
$69,880
-16%
Depreciation
$1,780,101
$1,784,176
+0%
Other
$3,863,255
$4,176,620
+8%
Total Expenses
$45,556,612
$53,173,355
+17%
Net income
2023
2024
Change
Net income
-$342,257
+$1,687,457
-593%
Functional Expenses
Summary
2023
2024
Change
Program
$42,516,866
$47,783,468
+12%
Admin
$2,521,852
$4,584,382
+82%
Fundraising
$517,894
$805,505
+56%
Total Expenses
$45,556,612
$53,173,355
+17%
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