FLORIDA SOUTHERN COLLEGE
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$195,738,425
Program Services
75%
Contributions
22%
Investments
2%
Other
1%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$167,372,495
Grants
38%
Salaries & Benefits
30%
Other
15%
Offices, Occupancy & IT
6%
Depreciation
5%
Fees to Service Providers
4%
Advertising & Promotion
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$15,218,898
$42,177,524
+177%
Government Grants
$276,354
$228,230
-17%
Fundraising Events
$140,842
$148,637
+6%
Program Services
$142,980,086
$146,325,771
+2%
Membership Dues
$0
$0
-
Investments
$3,215,372
$4,512,486
+40%
Other
$2,935,913
$2,345,777
-20%
Total Revenues
$164,767,465
$195,738,425
+19%
Expenses
2023
2024
Change
Grants
$60,898,675
$62,878,250
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$48,511,583
$50,821,907
+5%
Fees to Service Providers
$6,889,817
$6,258,452
-9%
Advertising & Promotion
$1,933,655
$1,753,655
-9%
Offices, Occupancy & IT
$11,544,542
$10,660,724
-8%
Interest
$1,290,636
$885,514
-31%
Depreciation
$9,295,747
$9,195,131
-1%
Other
$23,842,608
$24,918,862
+5%
Total Expenses
$164,207,263
$167,372,495
+2%
Net income
2023
2024
Change
Net income
+$560,202
+$28,365,930
+4964%
Functional Expenses
Summary
2023
2024
Change
Program
$143,208,933
$145,046,006
+1%
Admin
$19,454,819
$20,829,138
+7%
Fundraising
$1,543,511
$1,497,351
-3%
Total Expenses
$164,207,263
$167,372,495
+2%
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