LOUISBURG COLLEGE
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$14,229,621
Program Services
85%
Contributions
6%
Investments
4%
Government Grants
3%
Other
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$14,776,968
Salaries & Benefits
29%
Other
27%
Grants
19%
Depreciation
9%
Offices, Occupancy & IT
6%
Interest
4%
Fees to Service Providers
4%
Advertising & Promotion
3%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,285,769
$905,676
-30%
Government Grants
$979,127
$423,686
-57%
Fundraising Events
$0
$0
-
Program Services
$11,936,331
$12,088,074
+1%
Membership Dues
$0
$0
-
Investments
$607,376
$507,713
-16%
Other
-$21
$304,472
-1449967%
Total Revenues
$14,808,582
$14,229,621
-4%
Expenses
2023
2024
Change
Grants
$3,182,761
$2,799,961
-12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,415,775
$4,216,713
-5%
Fees to Service Providers
$469,176
$581,913
+24%
Advertising & Promotion
$300,464
$370,486
+23%
Offices, Occupancy & IT
$712,753
$917,820
+29%
Interest
$652,595
$633,308
-3%
Depreciation
$1,329,273
$1,305,375
-2%
Other
$5,440,740
$3,951,392
-27%
Total Expenses
$16,503,537
$14,776,968
-10%
Net income
2023
2024
Change
Net income
-$1,694,955
-$547,347
+68%
Functional Expenses
Summary
2023
2024
Change
Program
$12,474,959
$12,034,001
-4%
Admin
$3,804,314
$2,555,874
-33%
Fundraising
$224,264
$187,093
-17%
Total Expenses
$16,503,537
$14,776,968
-10%
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