Shorter University
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$42,563,904
Program Services
79%
Government Grants
11%
Other
4%
Contributions
3%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$38,434,856
Salaries & Benefits
34%
Grants
33%
Other
19%
Fees to Service Providers
5%
Depreciation
4%
Offices, Occupancy & IT
3%
Interest
2%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$2,271,926
$1,332,295
-41%
Government Grants
$1,952,305
$4,782,140
+145%
Fundraising Events
$204,968
$260,487
+27%
Program Services
$32,532,561
$33,654,214
+3%
Membership Dues
$0
$0
-
Investments
$255,945
$802,806
+214%
Other
$2,228,293
$1,731,962
-22%
Total Revenues
$39,445,998
$42,563,904
+8%
Expenses
2023
2024
Change
Grants
$14,021,143
$12,655,286
-10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,857,235
$12,935,183
+1%
Fees to Service Providers
$1,932,826
$1,883,535
-3%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,668,758
$1,237,364
-26%
Interest
$474,447
$895,182
+89%
Depreciation
$1,196,135
$1,535,150
+28%
Other
$5,483,184
$7,293,156
+33%
Total Expenses
$37,633,728
$38,434,856
+2%
Net income
2023
2024
Change
Net income
+$1,812,270
+$4,129,048
+128%
Functional Expenses
Summary
2023
2024
Change
Program
$30,087,435
$28,834,608
-4%
Admin
$7,243,576
$9,251,044
+28%
Fundraising
$302,717
$349,204
+15%
Total Expenses
$37,633,728
$38,434,856
+2%
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