PALM BEACH ATLANTIC UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$138,472,309
Program Services
89%
Contributions
5%
Investments
3%
Government Grants
2%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$149,222,950
Salaries & Benefits
35%
Grants
30%
Other
20%
Depreciation
4%
Fees to Service Providers
4%
Offices, Occupancy & IT
4%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$8,753,279
$7,473,558
-15%
Government Grants
$4,001,386
$2,280,459
-43%
Fundraising Events
$130,070
$118,350
-9%
Program Services
$114,139,188
$123,152,074
+8%
Membership Dues
$0
$0
-
Investments
$2,367,334
$4,618,180
+95%
Other
$32,045,073
$829,688
-97%
Total Revenues
$161,436,330
$138,472,309
-14%
Expenses
2023
2024
Change
Grants
$46,297,856
$45,350,705
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$45,846,251
$52,507,107
+15%
Fees to Service Providers
$5,564,712
$6,197,048
+11%
Advertising & Promotion
$938,872
$904,755
-4%
Offices, Occupancy & IT
$6,959,267
$5,998,794
-14%
Interest
$1,399,753
$2,086,518
+49%
Depreciation
$5,833,798
$6,302,862
+8%
Other
$28,382,449
$29,875,161
+5%
Total Expenses
$141,222,958
$149,222,950
+6%
Net income
2023
2024
Change
Net income
+$20,213,372
-$10,750,641
-153%
Functional Expenses
Summary
2023
2024
Change
Program
$119,309,282
$126,028,803
+6%
Admin
$20,092,592
$21,311,909
+6%
Fundraising
$1,821,084
$1,882,238
+3%
Total Expenses
$141,222,958
$149,222,950
+6%
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