Anderson University
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$148,382,342
Program Services
92%
Contributions
4%
Other
2%
Investments
2%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$145,963,910
Grants
35%
Salaries & Benefits
34%
Offices, Occupancy & IT
10%
Depreciation
6%
Other
6%
Fees to Service Providers
5%
Interest
2%
Advertising & Promotion
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,797,461
$6,313,751
-7%
Government Grants
$1,090,776
$570,340
-48%
Fundraising Events
$61,824
$133,436
+116%
Program Services
$120,973,018
$136,509,350
+13%
Membership Dues
$0
$0
-
Investments
$2,019,087
$2,280,783
+13%
Other
$223,357
$2,574,682
+1053%
Total Revenues
$131,165,523
$148,382,342
+13%
Expenses
2023
2024
Change
Grants
$46,343,964
$51,551,203
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$46,514,485
$50,321,039
+8%
Fees to Service Providers
$7,009,334
$7,556,471
+8%
Advertising & Promotion
$2,359,801
$2,321,198
-2%
Offices, Occupancy & IT
$13,107,822
$13,928,986
+6%
Interest
$2,844,121
$2,867,574
+1%
Depreciation
$8,248,889
$9,005,875
+9%
Other
$5,469,792
$8,411,564
+54%
Total Expenses
$131,898,208
$145,963,910
+11%
Net income
2023
2024
Change
Net income
-$732,685
+$2,418,432
-430%
Functional Expenses
Summary
2023
2024
Change
Program
$116,914,485
$130,954,891
+12%
Admin
$13,255,939
$13,167,218
-1%
Fundraising
$1,727,784
$1,841,801
+7%
Total Expenses
$131,898,208
$145,963,910
+11%
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