GARDNER-WEBB UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$101,871,457
Program Services
86%
Contributions
7%
Government Grants
4%
Investments
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$99,861,154
Salaries & Benefits
35%
Grants
32%
Other
19%
Offices, Occupancy & IT
5%
Depreciation
5%
Advertising & Promotion
2%
Interest
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,788,166
$7,292,936
+52%
Government Grants
$6,288,022
$4,289,409
-32%
Fundraising Events
$0
$0
-
Program Services
$86,662,876
$87,256,283
+1%
Membership Dues
$0
$0
-
Investments
$1,841,619
$2,236,139
+21%
Other
-$2,231,414
$796,690
-136%
Total Revenues
$97,349,269
$101,871,457
+5%
Expenses
2023
2024
Change
Grants
$30,895,449
$32,337,644
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$35,545,271
$34,882,227
-2%
Fees to Service Providers
$1,261,127
$775,365
-39%
Advertising & Promotion
$2,404,579
$2,388,876
-1%
Offices, Occupancy & IT
$4,473,183
$4,800,103
+7%
Interest
$970,345
$895,097
-8%
Depreciation
$4,584,901
$4,626,330
+1%
Other
$19,151,381
$19,155,512
+0%
Total Expenses
$99,286,236
$99,861,154
+1%
Net income
2023
2024
Change
Net income
-$1,936,967
+$2,010,303
-204%
Functional Expenses
Summary
2023
2024
Change
Program
$86,484,938
$87,223,314
+1%
Admin
$11,676,403
$11,779,215
+1%
Fundraising
$1,124,895
$858,625
-24%
Total Expenses
$99,286,236
$99,861,154
+1%
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