EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$810,190,212
Program Services
86%
Government Grants
8%
Investments
4%
Other
2%
Contributions
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$669,093,223
Salaries & Benefits
46%
Grants
26%
Other
8%
Offices, Occupancy & IT
7%
Depreciation
6%
Fees to Service Providers
5%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$13,713,154
$8,014,231
-42%
Government Grants
$30,335,585
$61,938,804
+104%
Fundraising Events
$255,781
$181,276
-29%
Program Services
$635,671,636
$697,091,505
+10%
Membership Dues
$0
$0
-
Investments
$20,185,825
$30,201,818
+50%
Other
$2,794,257
$12,762,578
+357%
Total Revenues
$702,956,238
$810,190,212
+15%
Expenses
2023
2024
Change
Grants
$147,815,746
$174,459,638
+18%
Benefits to Members
$0
$0
-
Salaries & Benefits
$283,456,713
$311,080,494
+10%
Fees to Service Providers
$27,091,818
$30,578,609
+13%
Advertising & Promotion
$3,344,288
$3,822,564
+14%
Offices, Occupancy & IT
$42,957,117
$45,502,389
+6%
Interest
$10,183,170
$9,581,169
-6%
Depreciation
$41,970,366
$41,405,729
-1%
Other
$44,840,016
$52,662,631
+17%
Total Expenses
$601,659,234
$669,093,223
+11%
Net income
2023
2024
Change
Net income
+$101,297,004
+$141,096,989
+39%
Functional Expenses
Summary
2023
2024
Change
Program
$475,588,945
$537,140,785
+13%
Admin
$122,310,170
$125,587,036
+3%
Fundraising
$3,760,119
$6,365,402
+69%
Total Expenses
$601,659,234
$669,093,223
+11%
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