Morris Brown College
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$10,885,938
Contributions
42%
Program Services
34%
Government Grants
23%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,933,032
Salaries & Benefits
54%
Offices, Occupancy & IT
12%
Fees to Service Providers
12%
Grants
10%
Other
9%
Depreciation
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,344,152
$4,579,358
+95%
Government Grants
$673,439
$2,549,461
+279%
Fundraising Events
$0
$0
-
Program Services
$3,530,566
$3,691,472
+5%
Membership Dues
$0
$0
-
Investments
$8,678
$19,213
+121%
Other
$144,602
$46,434
-68%
Total Revenues
$6,701,437
$10,885,938
+62%
Expenses
2023
2024
Change
Grants
$1,690,073
$577,708
-66%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,169,952
$3,180,588
+47%
Fees to Service Providers
$398,313
$720,993
+81%
Advertising & Promotion
$17,078
$38,559
+126%
Offices, Occupancy & IT
$298,057
$724,091
+143%
Interest
$0
$0
-
Depreciation
$94,128
$161,263
+71%
Other
$405,794
$529,830
+31%
Total Expenses
$5,073,395
$5,933,032
+17%
Net income
2023
2024
Change
Net income
+$1,628,042
+$4,952,906
+204%
Functional Expenses
Summary
2023
2024
Change
Program
$2,776,967
$3,008,103
+8%
Admin
$2,272,833
$2,870,008
+26%
Fundraising
$23,595
$54,921
+133%
Total Expenses
$5,073,395
$5,933,032
+17%
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