THE HOWARD UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,362,844,000
Program Services
66%
Government Grants
21%
Other
6%
Contributions
5%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$1,373,367,000
Salaries & Benefits
44%
Other
17%
Grants
14%
Fees to Service Providers
11%
Offices, Occupancy & IT
8%
Depreciation
3%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$73,660,814
$64,883,612
-12%
Government Grants
$251,604,000
$279,596,000
+11%
Fundraising Events
$607,186
$636,388
+5%
Program Services
$861,065,000
$899,453,000
+4%
Membership Dues
$0
$0
-
Investments
$26,904,000
$32,317,000
+20%
Other
$55,609,000
$85,958,000
+55%
Total Revenues
$1,269,450,000
$1,362,844,000
+7%
Expenses
2023
2024
Change
Grants
$183,804,471
$197,632,866
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$543,152,652
$597,716,576
+10%
Fees to Service Providers
$159,672,772
$153,531,097
-4%
Advertising & Promotion
$184,270
$589,786
+220%
Offices, Occupancy & IT
$108,943,898
$107,109,714
-2%
Interest
$33,401,830
$34,003,769
+2%
Depreciation
$42,241,187
$42,528,034
+1%
Other
$163,902,920
$240,255,158
+47%
Total Expenses
$1,235,304,000
$1,373,367,000
+11%
Net income
2023
2024
Change
Net income
+$34,146,000
-$10,523,000
-131%
Functional Expenses
Summary
2023
2024
Change
Program
$925,161,000
$917,659,406
-1%
Admin
$305,176,859
$448,082,384
+47%
Fundraising
$4,966,141
$7,625,210
+54%
Total Expenses
$1,235,304,000
$1,373,367,000
+11%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)