LYNN UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$150,358,371
Program Services
94%
Contributions
3%
Other
2%
Investments
<1%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$151,429,416
Salaries & Benefits
37%
Grants
31%
Other
14%
Offices, Occupancy & IT
10%
Depreciation
5%
Fees to Service Providers
2%
Interest
1%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,668,743
$4,035,613
+51%
Government Grants
$830,000
$813,184
-2%
Fundraising Events
$136,140
$146,315
+7%
Program Services
$138,759,415
$141,108,138
+2%
Membership Dues
$0
$0
-
Investments
$637,407
$958,769
+50%
Other
$2,973,291
$3,296,352
+11%
Total Revenues
$146,004,996
$150,358,371
+3%
Expenses
2023
2024
Change
Grants
$44,162,532
$46,650,337
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$56,412,800
$56,147,726
0%
Fees to Service Providers
$2,610,855
$2,406,556
-8%
Advertising & Promotion
$1,959,435
$1,577,685
-19%
Offices, Occupancy & IT
$15,081,627
$14,389,211
-5%
Interest
$1,596,151
$1,995,321
+25%
Depreciation
$6,932,720
$7,247,722
+5%
Other
$18,552,236
$21,014,858
+13%
Total Expenses
$147,308,356
$151,429,416
+3%
Net income
2023
2024
Change
Net income
-$1,303,360
-$1,071,045
+18%
Functional Expenses
Summary
2023
2024
Change
Program
$119,833,229
$127,904,825
+7%
Admin
$22,270,718
$18,525,512
-17%
Fundraising
$5,204,409
$4,999,079
-4%
Total Expenses
$147,308,356
$151,429,416
+3%
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