LIBERTY UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,802,305,808
Program Services
87%
Other
7%
Investments
5%
Contributions
1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,456,869,886
Salaries & Benefits
42%
Grants
25%
Other
20%
Offices, Occupancy & IT
6%
Depreciation
4%
Advertising & Promotion
2%
Fees to Service Providers
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$11,384,586
$19,180,222
+68%
Government Grants
$19,530,739
$8,357,125
-57%
Fundraising Events
$0
$0
-
Program Services
$1,464,462,952
$1,572,295,151
+7%
Membership Dues
$0
$0
-
Investments
$55,709,676
$84,670,290
+52%
Other
$14,588,595
$117,803,020
+708%
Total Revenues
$1,565,676,548
$1,802,305,808
+15%
Expenses
2023
2024
Change
Grants
$343,170,765
$365,735,302
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$572,120,736
$617,798,664
+8%
Fees to Service Providers
$19,190,879
$18,863,096
-2%
Advertising & Promotion
$24,533,512
$28,778,619
+17%
Offices, Occupancy & IT
$75,567,304
$80,603,521
+7%
Interest
$4,714,596
$150,734
-97%
Depreciation
$52,429,554
$56,442,781
+8%
Other
$289,339,082
$288,497,169
0%
Total Expenses
$1,381,066,428
$1,456,869,886
+5%
Net income
2023
2024
Change
Net income
+$184,610,120
+$345,435,922
+87%
Functional Expenses
Summary
2023
2024
Change
Program
$1,165,835,693
$1,231,742,514
+6%
Admin
$209,663,616
$219,195,474
+5%
Fundraising
$5,567,119
$5,931,898
+7%
Total Expenses
$1,381,066,428
$1,456,869,886
+5%
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