THOMAS UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$22,418,752
Program Services
81%
Contributions
10%
Government Grants
8%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$22,948,905
Salaries & Benefits
52%
Other
25%
Grants
11%
Offices, Occupancy & IT
5%
Depreciation
4%
Interest
1%
Advertising & Promotion
1%
Fees to Service Providers
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$964,031
$2,205,070
+129%
Government Grants
$1,798,972
$1,787,993
-1%
Fundraising Events
$0
$0
-
Program Services
$16,828,719
$18,107,932
+8%
Membership Dues
$0
$0
-
Investments
$181,289
$175,922
-3%
Other
$5,594
$141,835
+2435%
Total Revenues
$19,778,605
$22,418,752
+13%
Expenses
2023
2024
Change
Grants
$2,589,249
$2,594,537
+0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,587,063
$11,967,757
+13%
Fees to Service Providers
$0
$53,099
-
Advertising & Promotion
$245,579
$289,284
+18%
Offices, Occupancy & IT
$790,530
$1,088,712
+38%
Interest
$232,874
$338,943
+46%
Depreciation
$784,905
$820,833
+5%
Other
$4,912,247
$5,795,740
+18%
Total Expenses
$20,142,447
$22,948,905
+14%
Net income
2023
2024
Change
Net income
-$363,842
-$530,153
-46%
Functional Expenses
Summary
2023
2024
Change
Program
$15,521,103
$17,411,071
+12%
Admin
$4,621,344
$5,537,834
+20%
Fundraising
$0
$0
-
Total Expenses
$20,142,447
$22,948,905
+14%
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