HIGH POINT UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$489,744,856
Program Services
79%
Contributions
15%
Government Grants
3%
Other
2%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$397,214,172
Salaries & Benefits
26%
Offices, Occupancy & IT
24%
Grants
24%
Depreciation
10%
Other
9%
Fees to Service Providers
4%
Advertising & Promotion
2%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$46,932,711
$73,124,572
+56%
Government Grants
$9,388,698
$13,047,342
+39%
Fundraising Events
$0
$0
-
Program Services
$352,297,282
$386,549,270
+10%
Membership Dues
$0
$0
-
Investments
$5,451,438
$7,432,296
+36%
Other
$8,007,129
$9,591,376
+20%
Total Revenues
$422,077,258
$489,744,856
+16%
Expenses
2023
2024
Change
Grants
$84,160,465
$96,612,224
+15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$92,442,030
$103,984,031
+12%
Fees to Service Providers
$15,116,714
$16,160,474
+7%
Advertising & Promotion
$9,363,950
$7,635,707
-18%
Offices, Occupancy & IT
$84,844,530
$97,144,315
+14%
Interest
$3,290,072
$2,683,134
-18%
Depreciation
$37,890,841
$38,149,486
+1%
Other
$29,849,576
$34,844,801
+17%
Total Expenses
$356,958,178
$397,214,172
+11%
Net income
2023
2024
Change
Net income
+$65,119,080
+$92,530,684
+42%
Functional Expenses
Summary
2023
2024
Change
Program
$285,440,076
$322,615,771
+13%
Admin
$66,717,928
$70,254,014
+5%
Fundraising
$4,800,174
$4,344,387
-9%
Total Expenses
$356,958,178
$397,214,172
+11%
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