UNIVERSITY OF THE CUMBERLANDS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$239,581,568
Program Services
80%
Contributions
8%
Other
7%
Investments
4%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$153,644,055
Salaries & Benefits
49%
Other
32%
Grants
6%
Depreciation
5%
Advertising & Promotion
4%
Offices, Occupancy & IT
2%
Fees to Service Providers
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$6,683,913
$19,104,436
+186%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$165,367,091
$192,852,711
+17%
Membership Dues
$0
$0
-
Investments
$8,160,202
$10,475,567
+28%
Other
-$2,702,996
$17,148,854
-734%
Total Revenues
$177,508,210
$239,581,568
+35%
Expenses
2023
2024
Change
Grants
$8,316,303
$9,332,894
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$63,225,302
$75,572,757
+20%
Fees to Service Providers
$1,629,996
$1,955,550
+20%
Advertising & Promotion
$5,065,377
$6,646,344
+31%
Offices, Occupancy & IT
$2,264,068
$2,436,383
+8%
Interest
$0
$0
-
Depreciation
$7,459,707
$8,314,603
+11%
Other
$43,379,531
$49,385,524
+14%
Total Expenses
$131,340,284
$153,644,055
+17%
Net income
2023
2024
Change
Net income
+$46,167,926
+$85,937,513
+86%
Functional Expenses
Summary
2023
2024
Change
Program
$119,188,662
$144,214,930
+21%
Admin
$10,369,822
$7,473,199
-28%
Fundraising
$1,781,800
$1,955,926
+10%
Total Expenses
$131,340,284
$153,644,055
+17%
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