DUKE UNIVERSITY
DUKE UNIVERSITY
DUKE UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,479,223,078
Program Services
31%
Government Grants
24%
Other
19%
Contributions
18%
Investments
8%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$4,143,403,564
Salaries & Benefits
56%
Other
12%
Grants
11%
Offices, Occupancy & IT
7%
Depreciation
6%
Fees to Service Providers
6%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$760,821,824
$790,783,432
+4%
Government Grants
$1,025,911,970
$1,095,593,394
+7%
Fundraising Events
$3,285,982
$3,013,796
-8%
Program Services
$1,320,374,965
$1,388,719,243
+5%
Membership Dues
$0
$0
-
Investments
$298,193,738
$349,671,935
+17%
Other
$338,608,796
$851,441,278
+151%
Total Revenues
$3,747,197,275
$4,479,223,078
+20%
Expenses
2023
2024
Change
Grants
$438,172,420
$470,027,162
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,070,833,594
$2,300,187,626
+11%
Fees to Service Providers
$247,651,588
$254,193,454
+3%
Advertising & Promotion
$6,746,609
$7,735,399
+15%
Offices, Occupancy & IT
$283,401,158
$282,159,789
0%
Interest
$86,895,646
$86,301,123
-1%
Depreciation
$274,184,212
$265,279,736
-3%
Other
$432,376,584
$477,519,275
+10%
Total Expenses
$3,840,261,811
$4,143,403,564
+8%
Net income
2023
2024
Change
Net income
-$93,064,536
+$335,819,514
-461%
Functional Expenses
Summary
2023
2024
Change
Program
$3,417,286,192
$3,760,676,793
+10%
Admin
$340,831,201
$293,134,389
-14%
Fundraising
$82,144,418
$89,592,382
+9%
Total Expenses
$3,840,261,811
$4,143,403,564
+8%
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