TOWSON UNIVERSITY FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$11,057,875
Contributions
59%
Investments
27%
Other
12%
Fundraising Events
2%
Program Services
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$9,580,323
Grants
48%
Other
22%
Fees to Service Providers
12%
Advertising & Promotion
10%
Salaries & Benefits
6%
Offices, Occupancy & IT
2%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$7,565,910
$6,474,039
-14%
Government Grants
$0
$0
-
Fundraising Events
$155,471
$179,764
+16%
Program Services
$102,087
$93,323
-9%
Membership Dues
$0
$0
-
Investments
$2,559,416
$3,007,241
+17%
Other
$4,825,651
$1,303,508
-73%
Total Revenues
$15,208,535
$11,057,875
-27%
Expenses
2023
2024
Change
Grants
$3,818,089
$4,642,426
+22%
Benefits to Members
$0
$0
-
Salaries & Benefits
$469,903
$548,024
+17%
Fees to Service Providers
$1,437,696
$1,175,656
-18%
Advertising & Promotion
$939,774
$920,148
-2%
Offices, Occupancy & IT
$277,876
$215,584
-22%
Interest
$0
$0
-
Depreciation
$1,433
$1,433
+0%
Other
$2,401,882
$2,077,052
-14%
Total Expenses
$9,346,653
$9,580,323
+3%
Net income
2023
2024
Change
Net income
+$5,861,882
+$1,477,552
-75%
Functional Expenses
Summary
2023
2024
Change
Program
$8,214,056
$8,411,417
+2%
Admin
$719,229
$828,144
+15%
Fundraising
$413,368
$340,762
-18%
Total Expenses
$9,346,653
$9,580,323
+3%
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