BELLARMINE UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$147,897,340
Program Services
85%
Contributions
8%
Other
4%
Investments
2%
Government Grants
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$147,185,353
Grants
45%
Salaries & Benefits
34%
Other
8%
Offices, Occupancy & IT
5%
Depreciation
3%
Fees to Service Providers
2%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,979,456
$12,151,627
+74%
Government Grants
$1,349,026
$1,506,535
+12%
Fundraising Events
$198,494
$128,064
-35%
Program Services
$121,326,210
$125,342,781
+3%
Membership Dues
$0
$0
-
Investments
$1,631,457
$2,328,114
+43%
Other
$4,433,102
$6,440,219
+45%
Total Revenues
$135,917,745
$147,897,340
+9%
Expenses
2023
2024
Change
Grants
$63,709,674
$66,848,350
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$50,585,224
$49,329,962
-2%
Fees to Service Providers
$5,549,645
$3,013,184
-46%
Advertising & Promotion
$733,049
$1,009,935
+38%
Offices, Occupancy & IT
$7,849,884
$7,611,023
-3%
Interest
$2,881,584
$2,753,710
-4%
Depreciation
$5,096,271
$5,023,633
-1%
Other
$10,611,446
$11,595,556
+9%
Total Expenses
$147,016,777
$147,185,353
+0%
Net income
2023
2024
Change
Net income
-$11,099,032
+$711,987
-106%
Functional Expenses
Summary
2023
2024
Change
Program
$128,633,390
$130,725,866
+2%
Admin
$16,472,900
$14,220,960
-14%
Fundraising
$1,910,487
$2,238,527
+17%
Total Expenses
$147,016,777
$147,185,353
+0%
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