University of Kentucky Research Foundation
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$486,683,815
Program Services
95%
Investments
2%
Contributions
2%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$460,782,302
Other
86%
Grants
9%
Offices, Occupancy & IT
3%
Fees to Service Providers
2%
Depreciation
<1%
Interest
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$7,107,443
$8,797,823
+24%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$450,436,933
$464,164,169
+3%
Membership Dues
$0
$0
-
Investments
$4,617,448
$9,328,923
+102%
Other
$794,509
$4,392,900
+453%
Total Revenues
$462,956,333
$486,683,815
+5%
Expenses
2023
2024
Change
Grants
$47,678,406
$39,352,202
-17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$10,668,320
$10,504,354
-2%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$12,461,969
$14,725,117
+18%
Interest
$2,192
$7,229
+230%
Depreciation
$1,035,096
$590,703
-43%
Other
$375,290,678
$395,602,697
+5%
Total Expenses
$447,136,661
$460,782,302
+3%
Net income
2023
2024
Change
Net income
+$15,819,672
+$25,901,513
+64%
Functional Expenses
Summary
2023
2024
Change
Program
$442,635,274
$456,322,271
+3%
Admin
$4,501,387
$4,460,031
-1%
Fundraising
$0
$0
-
Total Expenses
$447,136,661
$460,782,302
+3%
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