ASBURY COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$66,549,803
Program Services
76%
Contributions
18%
Investments
5%
Other
2%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$62,951,695
Salaries & Benefits
36%
Grants
34%
Other
12%
Offices, Occupancy & IT
8%
Depreciation
7%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,598,651
$11,878,721
+56%
Government Grants
$5,875,851
$14,342
-100%
Fundraising Events
$0
$0
-
Program Services
$43,561,032
$50,461,940
+16%
Membership Dues
$0
$0
-
Investments
$2,333,693
$3,124,978
+34%
Other
$2,316,554
$1,069,822
-54%
Total Revenues
$61,685,781
$66,549,803
+8%
Expenses
2023
2024
Change
Grants
$18,743,546
$21,703,349
+16%
Benefits to Members
$0
$0
-
Salaries & Benefits
$22,080,194
$22,976,791
+4%
Fees to Service Providers
$645,760
$645,489
0%
Advertising & Promotion
$585,586
$512,928
-12%
Offices, Occupancy & IT
$5,354,939
$5,186,636
-3%
Interest
$390,174
$492,143
+26%
Depreciation
$3,732,003
$4,158,910
+11%
Other
$7,099,829
$7,275,449
+2%
Total Expenses
$58,632,031
$62,951,695
+7%
Net income
2023
2024
Change
Net income
+$3,053,750
+$3,598,108
+18%
Functional Expenses
Summary
2023
2024
Change
Program
$51,425,691
$55,495,875
+8%
Admin
$5,706,243
$6,202,502
+9%
Fundraising
$1,500,097
$1,253,318
-16%
Total Expenses
$58,632,031
$62,951,695
+7%
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