MCDANIEL COLLEGE INC
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$130,205,035
Program Services
82%
Contributions
7%
Government Grants
6%
Other
3%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$130,165,145
Grants
42%
Salaries & Benefits
29%
Fees to Service Providers
9%
Other
8%
Offices, Occupancy & IT
5%
Depreciation
4%
Advertising & Promotion
1%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,413,175
$8,464,891
+14%
Government Grants
$7,573,275
$7,468,295
-1%
Fundraising Events
$31,775
$13,411
-58%
Program Services
$106,736,258
$106,822,460
+0%
Membership Dues
$0
$0
-
Investments
$2,350,169
$3,221,241
+37%
Other
$3,308,846
$4,214,737
+27%
Total Revenues
$127,413,498
$130,205,035
+2%
Expenses
2023
2024
Change
Grants
$55,974,358
$54,785,036
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$36,077,449
$37,897,773
+5%
Fees to Service Providers
$11,431,718
$11,916,903
+4%
Advertising & Promotion
$1,792,204
$1,945,971
+9%
Offices, Occupancy & IT
$6,584,864
$6,777,607
+3%
Interest
$1,659,250
$1,598,039
-4%
Depreciation
$6,078,920
$5,313,314
-13%
Other
$9,971,345
$9,930,502
0%
Total Expenses
$129,570,108
$130,165,145
+0%
Net income
2023
2024
Change
Net income
-$2,156,610
+$39,890
-102%
Functional Expenses
Summary
2023
2024
Change
Program
$122,357,101
$122,926,157
+0%
Admin
$4,816,870
$4,709,247
-2%
Fundraising
$2,396,137
$2,529,741
+6%
Total Expenses
$129,570,108
$130,165,145
+0%
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