EASTERN MENNONITE UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$54,341,437
Program Services
81%
Contributions
13%
Investments
4%
Government Grants
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$56,716,161
Salaries & Benefits
35%
Grants
34%
Other
12%
Fees to Service Providers
6%
Offices, Occupancy & IT
6%
Depreciation
5%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,633,179
$6,894,579
+4%
Government Grants
$2,547,758
$1,320,401
-48%
Fundraising Events
$0
$0
-
Program Services
$43,546,467
$44,106,987
+1%
Membership Dues
$0
$0
-
Investments
$1,958,293
$2,017,155
+3%
Other
$2,791
$2,315
-17%
Total Revenues
$54,688,488
$54,341,437
-1%
Expenses
2023
2024
Change
Grants
$18,803,721
$19,468,730
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$21,161,421
$19,902,882
-6%
Fees to Service Providers
$3,119,848
$3,570,361
+14%
Advertising & Promotion
$389,887
$229,508
-41%
Offices, Occupancy & IT
$3,119,883
$3,373,119
+8%
Interest
$577,824
$566,947
-2%
Depreciation
$2,668,258
$2,774,775
+4%
Other
$6,582,045
$6,829,839
+4%
Total Expenses
$56,422,887
$56,716,161
+1%
Net income
2023
2024
Change
Net income
-$1,734,399
-$2,374,724
-37%
Functional Expenses
Summary
2023
2024
Change
Program
$43,155,429
$43,766,161
+1%
Admin
$11,829,350
$11,651,376
-2%
Fundraising
$1,438,108
$1,298,624
-10%
Total Expenses
$56,422,887
$56,716,161
+1%
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