MidAmerica Nazarene University
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$52,058,910
Program Services
87%
Other
13%
Government Grants
<1%
Investments
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$53,357,212
Salaries & Benefits
37%
Grants
33%
Other
9%
Offices, Occupancy & IT
8%
Fees to Service Providers
5%
Depreciation
4%
Interest
2%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,482
$9,407
+45%
Government Grants
$400,454
$273,790
-32%
Fundraising Events
$0
$0
-
Program Services
$42,347,018
$45,214,897
+7%
Membership Dues
$0
$0
-
Investments
$43,555
$33,200
-24%
Other
$5,469,389
$6,527,616
+19%
Total Revenues
$48,266,898
$52,058,910
+8%
Expenses
2023
2024
Change
Grants
$16,174,411
$17,399,426
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$21,067,157
$19,733,499
-6%
Fees to Service Providers
$2,758,482
$2,879,648
+4%
Advertising & Promotion
$570,160
$694,363
+22%
Offices, Occupancy & IT
$4,462,470
$4,494,309
+1%
Interest
$898,641
$1,003,861
+12%
Depreciation
$2,350,071
$2,324,214
-1%
Other
$3,653,646
$4,827,892
+32%
Total Expenses
$51,935,038
$53,357,212
+3%
Net income
2023
2024
Change
Net income
-$3,668,140
-$1,298,302
+65%
Functional Expenses
Summary
2023
2024
Change
Program
$47,519,428
$48,852,454
+3%
Admin
$3,255,136
$3,455,009
+6%
Fundraising
$1,160,474
$1,049,749
-10%
Total Expenses
$51,935,038
$53,357,212
+3%
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