RANDOLPH-MACON COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$101,949,732
Program Services
85%
Contributions
6%
Investments
4%
Other
3%
Government Grants
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$108,176,584
Grants
39%
Salaries & Benefits
34%
Other
9%
Offices, Occupancy & IT
8%
Depreciation
6%
Fees to Service Providers
2%
Advertising & Promotion
1%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$14,540,941
$6,227,813
-57%
Government Grants
$3,247,392
$1,140,505
-65%
Fundraising Events
$0
$0
-
Program Services
$80,369,038
$86,811,659
+8%
Membership Dues
$0
$0
-
Investments
$2,018,913
$4,480,482
+122%
Other
$7,505,247
$3,289,273
-56%
Total Revenues
$107,681,531
$101,949,732
-5%
Expenses
2023
2024
Change
Grants
$39,303,939
$42,168,921
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$34,917,534
$36,498,472
+5%
Fees to Service Providers
$3,025,995
$1,805,486
-40%
Advertising & Promotion
$1,189,830
$1,570,738
+32%
Offices, Occupancy & IT
$8,148,514
$8,970,906
+10%
Interest
$920,772
$1,276,467
+39%
Depreciation
$5,041,772
$6,073,673
+20%
Other
$8,996,421
$9,811,921
+9%
Total Expenses
$101,544,777
$108,176,584
+7%
Net income
2023
2024
Change
Net income
+$6,136,754
-$6,226,852
-201%
Functional Expenses
Summary
2023
2024
Change
Program
$93,590,251
$99,410,845
+6%
Admin
$5,564,804
$6,312,882
+13%
Fundraising
$2,389,722
$2,452,857
+3%
Total Expenses
$101,544,777
$108,176,584
+7%
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