Belmont University
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$523,196,221
Program Services
81%
Contributions
11%
Other
5%
Investments
3%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$462,110,031
Salaries & Benefits
39%
Grants
30%
Offices, Occupancy & IT
12%
Other
9%
Depreciation
5%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$15,624,432
$55,461,737
+255%
Government Grants
$3,551,217
$4,348,591
+22%
Fundraising Events
$12,875
$5,000
-61%
Program Services
$409,231,455
$421,771,162
+3%
Membership Dues
$0
$0
-
Investments
$12,527,198
$13,461,943
+7%
Other
$13,046,658
$28,147,788
+116%
Total Revenues
$453,993,835
$523,196,221
+15%
Expenses
2023
2024
Change
Grants
$129,879,253
$139,275,316
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$171,007,135
$182,443,700
+7%
Fees to Service Providers
$13,741,892
$15,889,954
+16%
Advertising & Promotion
$2,484,877
$4,225,212
+70%
Offices, Occupancy & IT
$33,626,897
$57,209,145
+70%
Interest
$238,322
$163,548
-31%
Depreciation
$18,077,420
$21,813,644
+21%
Other
$36,602,265
$41,089,512
+12%
Total Expenses
$405,658,061
$462,110,031
+14%
Net income
2023
2024
Change
Net income
+$48,335,774
+$61,086,190
+26%
Functional Expenses
Summary
2023
2024
Change
Program
$327,457,389
$348,523,951
+6%
Admin
$73,321,136
$106,404,085
+45%
Fundraising
$4,879,536
$7,181,995
+47%
Total Expenses
$405,658,061
$462,110,031
+14%
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