NEWMAN UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$43,037,694
Program Services
87%
Other
6%
Contributions
5%
Investments
<1%
Fundraising Events
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$44,828,406
Grants
36%
Salaries & Benefits
36%
Offices, Occupancy & IT
8%
Fees to Service Providers
7%
Other
5%
Depreciation
5%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,200,340
$2,336,128
+95%
Government Grants
$93,359
$79,413
-15%
Fundraising Events
$277,557
$208,175
-25%
Program Services
$36,171,154
$37,343,683
+3%
Membership Dues
$0
$0
-
Investments
$2,313,622
$409,240
-82%
Other
$947,542
$2,661,055
+181%
Total Revenues
$41,003,574
$43,037,694
+5%
Expenses
2023
2024
Change
Grants
$16,024,101
$16,302,906
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,459,017
$16,144,146
+12%
Fees to Service Providers
$2,425,433
$3,009,239
+24%
Advertising & Promotion
$406,708
$366,253
-10%
Offices, Occupancy & IT
$3,220,188
$3,532,624
+10%
Interest
$575,371
$637,821
+11%
Depreciation
$2,338,413
$2,417,449
+3%
Other
$4,163,026
$2,417,968
-42%
Total Expenses
$43,612,257
$44,828,406
+3%
Net income
2023
2024
Change
Net income
-$2,608,683
-$1,790,712
+31%
Functional Expenses
Summary
2023
2024
Change
Program
$37,015,362
$38,061,933
+3%
Admin
$5,732,899
$5,852,263
+2%
Fundraising
$863,996
$914,210
+6%
Total Expenses
$43,612,257
$44,828,406
+3%
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