LEES-MCRAE COLLEGE INC
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$36,308,685
Program Services
85%
Contributions
10%
Other
3%
Investments
2%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$37,744,057
Salaries & Benefits
38%
Grants
31%
Other
11%
Fees to Service Providers
8%
Offices, Occupancy & IT
5%
Depreciation
5%
Interest
2%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$6,140,008
$3,492,416
-43%
Government Grants
$2,853,956
$160,810
-94%
Fundraising Events
$0
$0
-
Program Services
$29,407,946
$30,943,470
+5%
Membership Dues
$0
$0
-
Investments
$702,432
$789,525
+12%
Other
-$613,536
$922,464
-250%
Total Revenues
$38,490,806
$36,308,685
-6%
Expenses
2023
2024
Change
Grants
$11,433,518
$11,650,807
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,595,356
$14,235,751
+13%
Fees to Service Providers
$2,904,566
$3,124,838
+8%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$2,062,358
$1,997,549
-3%
Interest
$682,204
$845,564
+24%
Depreciation
$1,922,901
$1,924,313
+0%
Other
$5,695,533
$3,965,235
-30%
Total Expenses
$37,296,436
$37,744,057
+1%
Net income
2023
2024
Change
Net income
+$1,194,370
-$1,435,372
-220%
Functional Expenses
Summary
2023
2024
Change
Program
$31,727,901
$31,716,953
0%
Admin
$5,251,817
$5,672,396
+8%
Fundraising
$316,718
$354,708
+12%
Total Expenses
$37,296,436
$37,744,057
+1%
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