STETSON UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$250,437,317
Program Services
81%
Contributions
8%
Other
6%
Investments
4%
Government Grants
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$265,955,642
Grants
41%
Salaries & Benefits
34%
Other
9%
Offices, Occupancy & IT
7%
Depreciation
5%
Fees to Service Providers
2%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$29,906,270
$19,818,314
-34%
Government Grants
$2,769,268
$3,020,309
+9%
Fundraising Events
$0
$35,265
-
Program Services
$205,058,751
$203,140,960
-1%
Membership Dues
$0
$0
-
Investments
$13,047,157
$9,676,385
-26%
Other
-$5,550,744
$14,746,084
-366%
Total Revenues
$245,230,702
$250,437,317
+2%
Expenses
2023
2024
Change
Grants
$105,738,010
$108,331,094
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$86,110,460
$89,264,563
+4%
Fees to Service Providers
$6,235,327
$6,387,557
+2%
Advertising & Promotion
$905,352
$1,231,418
+36%
Offices, Occupancy & IT
$17,671,909
$17,709,628
+0%
Interest
$5,296,407
$5,629,768
+6%
Depreciation
$11,618,794
$12,371,876
+6%
Other
$21,419,762
$25,029,738
+17%
Total Expenses
$254,996,021
$265,955,642
+4%
Net income
2023
2024
Change
Net income
-$9,765,319
-$15,518,325
-59%
Functional Expenses
Summary
2023
2024
Change
Program
$234,882,068
$243,497,142
+4%
Admin
$15,826,701
$17,726,351
+12%
Fundraising
$4,287,252
$4,732,149
+10%
Total Expenses
$254,996,021
$265,955,642
+4%
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