UNIVERSITY OF THE SOUTH
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$192,791,920
Program Services
71%
Other
15%
Contributions
11%
Investments
2%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$187,391,900
Salaries & Benefits
40%
Grants
30%
Other
10%
Fees to Service Providers
10%
Depreciation
4%
Offices, Occupancy & IT
3%
Advertising & Promotion
1%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$19,552,852
$21,204,746
+8%
Government Grants
$2,384,504
$1,881,653
-21%
Fundraising Events
$0
$0
-
Program Services
$131,440,388
$137,772,888
+5%
Membership Dues
$0
$0
-
Investments
$5,654,826
$3,790,584
-33%
Other
$16,248,828
$28,142,049
+73%
Total Revenues
$175,281,398
$192,791,920
+10%
Expenses
2023
2024
Change
Grants
$51,178,691
$56,362,488
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$70,258,976
$75,020,409
+7%
Fees to Service Providers
$14,059,941
$19,453,483
+38%
Advertising & Promotion
$1,995,121
$2,121,705
+6%
Offices, Occupancy & IT
$4,939,732
$6,291,843
+27%
Interest
$2,416,894
$2,062,785
-15%
Depreciation
$6,483,505
$6,621,870
+2%
Other
$21,418,330
$19,457,317
-9%
Total Expenses
$172,751,190
$187,391,900
+8%
Net income
2023
2024
Change
Net income
+$2,530,208
+$5,400,020
+113%
Functional Expenses
Summary
2023
2024
Change
Program
$156,033,605
$167,247,961
+7%
Admin
$14,279,084
$17,611,066
+23%
Fundraising
$2,438,501
$2,532,873
+4%
Total Expenses
$172,751,190
$187,391,900
+8%
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