LIMESTONE UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$47,034,818
Program Services
85%
Other
9%
Contributions
3%
Government Grants
2%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$52,980,898
Salaries & Benefits
37%
Grants
28%
Other
17%
Offices, Occupancy & IT
9%
Depreciation
5%
Interest
2%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,779,403
$1,345,036
-24%
Government Grants
$2,129,401
$1,020,372
-52%
Fundraising Events
$0
$0
-
Program Services
$39,796,895
$39,747,482
0%
Membership Dues
$0
$0
-
Investments
$849,435
$690,566
-19%
Other
$1,124,581
$4,231,362
+276%
Total Revenues
$45,679,715
$47,034,818
+3%
Expenses
2023
2024
Change
Grants
$14,458,709
$14,702,169
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,991,807
$19,684,305
-2%
Fees to Service Providers
$690,529
$649,138
-6%
Advertising & Promotion
$486,245
$183,378
-62%
Offices, Occupancy & IT
$6,359,242
$4,727,506
-26%
Interest
$598,944
$1,265,626
+111%
Depreciation
$2,716,419
$2,732,966
+1%
Other
$13,015,225
$9,035,810
-31%
Total Expenses
$58,317,120
$52,980,898
-9%
Net income
2023
2024
Change
Net income
-$12,637,405
-$5,946,080
+53%
Functional Expenses
Summary
2023
2024
Change
Program
$46,302,586
$43,733,417
-6%
Admin
$11,430,126
$8,809,128
-23%
Fundraising
$584,408
$438,353
-25%
Total Expenses
$58,317,120
$52,980,898
-9%
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