HOLLINS UNIVERSITY CORPORATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$69,926,503
Program Services
55%
Contributions
21%
Other
19%
Investments
4%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$65,571,885
Salaries & Benefits
37%
Grants
34%
Other
12%
Offices, Occupancy & IT
8%
Fees to Service Providers
6%
Depreciation
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$7,596,975
$14,804,535
+95%
Government Grants
$338,021
$552,312
+63%
Fundraising Events
$0
$0
-
Program Services
$39,283,881
$38,507,273
-2%
Membership Dues
$0
$0
-
Investments
$1,259,275
$2,842,483
+126%
Other
$14,241,933
$13,219,900
-7%
Total Revenues
$62,720,085
$69,926,503
+11%
Expenses
2023
2024
Change
Grants
$22,197,729
$21,973,963
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$912,864
$24,026,883
+2532%
Fees to Service Providers
$0
$4,025,503
-
Advertising & Promotion
$0
$116,876
-
Offices, Occupancy & IT
$0
$4,996,659
-
Interest
$0
$0
-
Depreciation
$2,627,790
$2,731,496
+4%
Other
$36,344,206
$7,700,505
-79%
Total Expenses
$62,082,589
$65,571,885
+6%
Net income
2023
2024
Change
Net income
+$637,496
+$4,354,618
+583%
Functional Expenses
Summary
2023
2024
Change
Program
$52,090,218
$55,543,808
+7%
Admin
$9,094,371
$8,957,758
-2%
Fundraising
$898,000
$1,070,319
+19%
Total Expenses
$62,082,589
$65,571,885
+6%
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