GUILFORD COLLEGE
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2025
$63,458,663
Program Services
72%
Other
13%
Contributions
11%
Government Grants
3%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$64,603,787
Grants
35%
Salaries & Benefits
32%
Other
21%
Depreciation
8%
Interest
4%
Fees to Service Providers
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Revenues
2024
2025
Change
Contributions
$8,317,697
$6,855,934
-18%
Government Grants
$944,136
$1,781,418
+89%
Fundraising Events
$0
$0
-
Program Services
$51,580,694
$45,593,084
-12%
Membership Dues
$0
$0
-
Investments
$941,913
$1,115,358
+18%
Other
$20,086,029
$8,112,869
-60%
Total Revenues
$81,870,469
$63,458,663
-22%
Expenses
2024
2025
Change
Grants
$25,815,427
$22,760,265
-12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$22,407,596
$20,479,560
-9%
Fees to Service Providers
$255,317
$208,992
-18%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$3,923,730
$2,378,596
-39%
Depreciation
$5,986,333
$5,077,263
-15%
Other
$18,315,974
$13,699,111
-25%
Total Expenses
$76,704,377
$64,603,787
-16%
Net income
2024
2025
Change
Net income
+$5,166,092
-$1,145,124
-122%
Functional Expenses
Summary
2024
2025
Change
Program
$64,113,955
$55,356,997
-14%
Admin
$11,255,697
$7,965,122
-29%
Fundraising
$1,334,725
$1,281,668
-4%
Total Expenses
$76,704,377
$64,603,787
-16%
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