BELMONT ABBEY COLLEGE INC
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$78,937,014
Program Services
52%
Contributions
47%
Investments
<1%
Government Grants
<1%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$59,037,196
Salaries & Benefits
39%
Other
28%
Grants
18%
Fees to Service Providers
5%
Offices, Occupancy & IT
3%
Interest
3%
Depreciation
3%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$19,297,915
$37,130,022
+92%
Government Grants
$3,085,213
$169,750
-94%
Fundraising Events
$16,700
$66,950
+301%
Program Services
$37,915,628
$41,102,827
+8%
Membership Dues
$0
$0
-
Investments
$365,374
$395,173
+8%
Other
-$700,884
$72,292
-110%
Total Revenues
$59,979,946
$78,937,014
+32%
Expenses
2023
2024
Change
Grants
$9,535,683
$10,843,741
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$21,444,691
$22,952,723
+7%
Fees to Service Providers
$2,168,105
$2,879,144
+33%
Advertising & Promotion
$902,195
$873,828
-3%
Offices, Occupancy & IT
$2,344,578
$1,908,855
-19%
Interest
$1,117,959
$1,663,550
+49%
Depreciation
$1,449,199
$1,487,073
+3%
Other
$15,913,541
$16,428,282
+3%
Total Expenses
$54,875,951
$59,037,196
+8%
Net income
2023
2024
Change
Net income
+$5,103,995
+$19,899,818
+290%
Functional Expenses
Summary
2023
2024
Change
Program
$41,984,120
$46,855,911
+12%
Admin
$7,645,014
$9,198,353
+20%
Fundraising
$5,246,817
$2,982,932
-43%
Total Expenses
$54,875,951
$59,037,196
+8%
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