MOREHOUSE SCHOOL OF MEDICINE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$269,293,722
Government Grants
66%
Contributions
18%
Program Services
12%
Other
2%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$257,852,939
Salaries & Benefits
67%
Other
25%
Depreciation
3%
Offices, Occupancy & IT
2%
Grants
2%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$73,406,178
$49,317,995
-33%
Government Grants
$154,179,578
$178,700,603
+16%
Fundraising Events
$0
$0
-
Program Services
$29,652,937
$31,450,178
+6%
Membership Dues
$0
$0
-
Investments
$3,653,320
$3,869,806
+6%
Other
$3,437,837
$5,955,140
+73%
Total Revenues
$264,329,850
$269,293,722
+2%
Expenses
2023
2024
Change
Grants
$5,585,962
$4,854,732
-13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$149,789,199
$172,781,206
+15%
Fees to Service Providers
$737,698
$1,447,870
+96%
Advertising & Promotion
$95,023
$158,220
+67%
Offices, Occupancy & IT
$4,658,148
$5,026,619
+8%
Interest
$6,054
$658
-89%
Depreciation
$6,578,330
$7,979,018
+21%
Other
$77,344,003
$65,604,616
-15%
Total Expenses
$244,794,417
$257,852,939
+5%
Net income
2023
2024
Change
Net income
+$19,535,433
+$11,440,783
-41%
Functional Expenses
Summary
2023
2024
Change
Program
$174,942,597
$173,375,990
-1%
Admin
$66,823,509
$72,828,151
+9%
Fundraising
$3,028,311
$11,648,798
+285%
Total Expenses
$244,794,417
$257,852,939
+5%
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