REINHARDT UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$44,666,585
Program Services
83%
Contributions
7%
Investments
4%
Government Grants
3%
Other
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$50,660,454
Grants
28%
Salaries & Benefits
28%
Other
22%
Fees to Service Providers
9%
Depreciation
7%
Offices, Occupancy & IT
3%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,593,715
$3,308,713
-8%
Government Grants
$2,985,727
$1,446,939
-52%
Fundraising Events
$28,975
$16,541
-43%
Program Services
$34,444,411
$37,149,847
+8%
Membership Dues
$0
$0
-
Investments
$2,318,373
$1,919,186
-17%
Other
$243,331
$825,359
+239%
Total Revenues
$43,614,532
$44,666,585
+2%
Expenses
2023
2024
Change
Grants
$12,800,543
$14,399,865
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,852,804
$14,052,482
+1%
Fees to Service Providers
$3,588,922
$4,661,639
+30%
Advertising & Promotion
$164,100
$160,254
-2%
Offices, Occupancy & IT
$1,515,572
$1,625,827
+7%
Interest
$1,292,758
$1,313,446
+2%
Depreciation
$3,260,047
$3,308,009
+1%
Other
$10,351,949
$11,138,932
+8%
Total Expenses
$46,826,695
$50,660,454
+8%
Net income
2023
2024
Change
Net income
-$3,212,163
-$5,993,869
-87%
Functional Expenses
Summary
2023
2024
Change
Program
$39,930,455
$43,208,545
+8%
Admin
$6,363,550
$6,789,952
+7%
Fundraising
$532,690
$661,957
+24%
Total Expenses
$46,826,695
$50,660,454
+8%
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