MIDWAY UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$38,095,685
Program Services
86%
Contributions
12%
Other
2%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$36,371,036
Salaries & Benefits
35%
Grants
29%
Fees to Service Providers
12%
Other
11%
Depreciation
6%
Offices, Occupancy & IT
5%
Advertising & Promotion
2%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,695,451
$4,493,363
-21%
Government Grants
$75,000
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$29,998,716
$32,604,455
+9%
Membership Dues
$0
$0
-
Investments
$222,637
$218,046
-2%
Other
$189,907
$779,821
+311%
Total Revenues
$36,181,711
$38,095,685
+5%
Expenses
2023
2024
Change
Grants
$9,635,321
$10,717,018
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,467,448
$12,608,004
+10%
Fees to Service Providers
$3,843,285
$4,262,562
+11%
Advertising & Promotion
$465,924
$622,505
+34%
Offices, Occupancy & IT
$1,637,264
$1,678,003
+2%
Interest
$429,571
$499,962
+16%
Depreciation
$1,943,958
$2,128,550
+9%
Other
$3,617,671
$3,854,432
+7%
Total Expenses
$33,040,442
$36,371,036
+10%
Net income
2023
2024
Change
Net income
+$3,141,269
+$1,724,649
-45%
Functional Expenses
Summary
2023
2024
Change
Program
$28,500,154
$31,328,664
+10%
Admin
$4,076,086
$4,488,748
+10%
Fundraising
$464,202
$553,624
+19%
Total Expenses
$33,040,442
$36,371,036
+10%
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