THE CORPORATION OF MERCER UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$477,213,144
Program Services
77%
Government Grants
8%
Other
7%
Contributions
5%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$443,819,035
Salaries & Benefits
44%
Grants
24%
Other
13%
Fees to Service Providers
6%
Depreciation
5%
Offices, Occupancy & IT
4%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$23,528,249
$21,884,040
-7%
Government Grants
$38,750,946
$39,676,292
+2%
Fundraising Events
$114,797
$83,718
-27%
Program Services
$356,344,652
$369,688,495
+4%
Membership Dues
$0
$0
-
Investments
$9,879,349
$10,733,539
+9%
Other
$6,042,958
$35,147,060
+482%
Total Revenues
$434,660,951
$477,213,144
+10%
Expenses
2023
2024
Change
Grants
$97,527,781
$105,223,802
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$187,232,894
$196,945,877
+5%
Fees to Service Providers
$26,957,693
$28,712,539
+7%
Advertising & Promotion
$1,491,793
$1,599,269
+7%
Offices, Occupancy & IT
$14,851,266
$17,654,894
+19%
Interest
$11,238,721
$13,752,279
+22%
Depreciation
$20,745,837
$22,887,516
+10%
Other
$54,937,764
$57,042,859
+4%
Total Expenses
$414,983,749
$443,819,035
+7%
Net income
2023
2024
Change
Net income
+$19,677,202
+$33,394,109
+70%
Functional Expenses
Summary
2023
2024
Change
Program
$393,969,162
$423,130,169
+7%
Admin
$17,567,945
$17,239,829
-2%
Fundraising
$3,446,642
$3,449,037
+0%
Total Expenses
$414,983,749
$443,819,035
+7%
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