ST THOMAS UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$88,819,457
Program Services
88%
Contributions
5%
Government Grants
4%
Other
2%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$83,803,733
Salaries & Benefits
48%
Other
21%
Offices, Occupancy & IT
18%
Depreciation
7%
Interest
4%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,704,383
$4,525,777
-32%
Government Grants
$4,567,060
$3,704,006
-19%
Fundraising Events
$16,192
$12,290
-24%
Program Services
$72,742,145
$77,965,507
+7%
Membership Dues
$0
$0
-
Investments
$797,463
$970,323
+22%
Other
$1,221,760
$1,641,554
+34%
Total Revenues
$86,049,003
$88,819,457
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$36,361,785
$40,421,016
+11%
Fees to Service Providers
$1,293,756
$1,234,606
-5%
Advertising & Promotion
$997,504
$724,576
-27%
Offices, Occupancy & IT
$11,976,129
$15,159,393
+27%
Interest
$3,069,669
$3,271,366
+7%
Depreciation
$5,485,568
$5,587,917
+2%
Other
$13,744,444
$17,404,859
+27%
Total Expenses
$72,928,855
$83,803,733
+15%
Net income
2023
2024
Change
Net income
+$13,120,148
+$5,015,724
-62%
Functional Expenses
Summary
2023
2024
Change
Program
$56,268,845
$64,044,986
+14%
Admin
$15,278,668
$18,375,844
+20%
Fundraising
$1,381,342
$1,382,903
+0%
Total Expenses
$72,928,855
$83,803,733
+15%
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