VIRGINIA COMMONWEALTH UNIVERSITY FOUNDAT
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$20,325,054
Contributions
92%
Investments
6%
Other
2%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$12,195,300
Grants
93%
Fees to Service Providers
5%
Salaries & Benefits
1%
Other
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$14,687,809
$18,629,113
+27%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$893,582
$1,314,732
+47%
Other
$361,933
$381,209
+5%
Total Revenues
$15,943,324
$20,325,054
+27%
Expenses
2023
2024
Change
Grants
$11,734,520
$11,365,096
-3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$151,726
$147,210
-3%
Fees to Service Providers
$443,546
$594,815
+34%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$43,821
$88,179
+101%
Total Expenses
$12,373,613
$12,195,300
-1%
Net income
2023
2024
Change
Net income
+$3,569,711
+$8,129,754
+128%
Functional Expenses
Summary
2023
2024
Change
Program
$12,006,368
$11,660,107
-3%
Admin
$311,477
$470,446
+51%
Fundraising
$55,768
$64,747
+16%
Total Expenses
$12,373,613
$12,195,300
-1%
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