MOREHOUSE COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$183,086,444
Program Services
42%
Contributions
29%
Other
16%
Government Grants
8%
Investments
4%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$163,607,064
Salaries & Benefits
37%
Other
26%
Grants
18%
Fees to Service Providers
8%
Offices, Occupancy & IT
6%
Depreciation
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$21,988,074
$53,484,932
+143%
Government Grants
$14,824,139
$15,385,452
+4%
Fundraising Events
$1,322,400
$637,281
-52%
Program Services
$70,410,384
$77,213,160
+10%
Membership Dues
$0
$0
-
Investments
$8,163,724
$6,974,196
-15%
Other
$24,889,487
$29,391,423
+18%
Total Revenues
$141,598,208
$183,086,444
+29%
Expenses
2023
2024
Change
Grants
$26,722,461
$30,258,006
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$54,157,125
$60,892,255
+12%
Fees to Service Providers
$22,720,679
$12,809,797
-44%
Advertising & Promotion
$299,100
$457,523
+53%
Offices, Occupancy & IT
$9,843,437
$10,182,148
+3%
Interest
$0
$0
-
Depreciation
$6,027,251
$6,427,695
+7%
Other
$21,308,022
$42,579,640
+100%
Total Expenses
$141,078,075
$163,607,064
+16%
Net income
2023
2024
Change
Net income
+$520,133
+$19,479,380
+3645%
Functional Expenses
Summary
2023
2024
Change
Program
$95,935,550
$110,988,068
+16%
Admin
$40,977,102
$40,937,199
0%
Fundraising
$4,165,423
$11,681,797
+180%
Total Expenses
$141,078,075
$163,607,064
+16%
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