BEREA COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$139,250,388
Contributions
30%
Investments
26%
Other
23%
Program Services
17%
Government Grants
4%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$121,442,033
Salaries & Benefits
49%
Other
28%
Depreciation
10%
Offices, Occupancy & IT
6%
Grants
4%
Interest
2%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$78,108,553
$41,484,384
-47%
Government Grants
$22,285,906
$5,867,857
-74%
Fundraising Events
$0
$0
-
Program Services
$23,753,009
$24,040,940
+1%
Membership Dues
$0
$0
-
Investments
$27,597,419
$35,903,143
+30%
Other
$5,712,416
$31,954,064
+459%
Total Revenues
$157,457,303
$139,250,388
-12%
Expenses
2023
2024
Change
Grants
$4,988,153
$4,693,501
-6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$59,439,788
$60,068,660
+1%
Fees to Service Providers
$1,810,342
$1,789,272
-1%
Advertising & Promotion
$102,078
$83,598
-18%
Offices, Occupancy & IT
$6,400,794
$6,938,050
+8%
Interest
$2,325,877
$2,197,550
-6%
Depreciation
$11,090,304
$11,610,365
+5%
Other
$47,937,277
$34,061,037
-29%
Total Expenses
$134,094,613
$121,442,033
-9%
Net income
2023
2024
Change
Net income
+$23,362,690
+$17,808,355
-24%
Functional Expenses
Summary
2023
2024
Change
Program
$109,167,356
$93,177,235
-15%
Admin
$18,513,290
$21,419,384
+16%
Fundraising
$6,413,967
$6,845,414
+7%
Total Expenses
$134,094,613
$121,442,033
-9%
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