Southern Virginia University
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$39,137,588
Program Services
63%
Contributions
36%
Investments
<1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$36,979,502
Salaries & Benefits
45%
Grants
15%
Fees to Service Providers
12%
Other
10%
Depreciation
8%
Offices, Occupancy & IT
6%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$11,657,334
$14,143,278
+21%
Government Grants
$23,482
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$24,110,220
$24,710,584
+2%
Membership Dues
$0
$0
-
Investments
$409,074
$154,637
-62%
Other
$1,031,759
$129,089
-87%
Total Revenues
$37,231,869
$39,137,588
+5%
Expenses
2023
2024
Change
Grants
$5,157,034
$5,672,889
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,850,945
$16,576,890
+5%
Fees to Service Providers
$3,971,699
$4,506,304
+13%
Advertising & Promotion
$344,650
$124,304
-64%
Offices, Occupancy & IT
$2,469,044
$2,386,650
-3%
Interest
$817,246
$852,705
+4%
Depreciation
$2,957,328
$3,085,176
+4%
Other
$3,877,765
$3,774,584
-3%
Total Expenses
$35,445,711
$36,979,502
+4%
Net income
2023
2024
Change
Net income
+$1,786,158
+$2,158,086
+21%
Functional Expenses
Summary
2023
2024
Change
Program
$31,671,500
$33,259,228
+5%
Admin
$2,264,944
$2,413,196
+7%
Fundraising
$1,509,267
$1,307,078
-13%
Total Expenses
$35,445,711
$36,979,502
+4%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)