DAVIS & ELKINS COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$37,917,730
Program Services
71%
Contributions
8%
Government Grants
8%
Other
8%
Investments
5%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$39,107,647
Grants
36%
Salaries & Benefits
32%
Other
18%
Depreciation
7%
Offices, Occupancy & IT
6%
Fees to Service Providers
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$23,041,777
$3,197,579
-86%
Government Grants
$2,690,914
$2,972,684
+10%
Fundraising Events
$0
$0
-
Program Services
$25,255,180
$27,060,624
+7%
Membership Dues
$0
$0
-
Investments
$1,489,682
$1,812,491
+22%
Other
$2,957,953
$2,874,352
-3%
Total Revenues
$55,435,506
$37,917,730
-32%
Expenses
2023
2024
Change
Grants
$13,120,934
$14,185,950
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,662,489
$12,341,802
+6%
Fees to Service Providers
$340,691
$426,279
+25%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$3,465,756
$2,287,740
-34%
Interest
$52,979
$0
-100%
Depreciation
$2,585,776
$2,676,114
+3%
Other
$6,005,835
$7,189,762
+20%
Total Expenses
$37,234,460
$39,107,647
+5%
Net income
2023
2024
Change
Net income
+$18,201,046
-$1,189,917
-107%
Functional Expenses
Summary
2023
2024
Change
Program
$32,579,750
$34,234,398
+5%
Admin
$3,577,827
$3,839,726
+7%
Fundraising
$1,076,883
$1,033,523
-4%
Total Expenses
$37,234,460
$39,107,647
+5%
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