Rhodes College
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$187,561,164
Program Services
69%
Other
24%
Contributions
5%
Investments
2%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$165,923,027
Grants
40%
Salaries & Benefits
34%
Other
11%
Offices, Occupancy & IT
6%
Depreciation
6%
Interest
2%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,099,839
$9,680,177
-4%
Government Grants
$2,589,112
$1,002,723
-61%
Fundraising Events
$0
$0
-
Program Services
$123,507,006
$129,018,782
+4%
Membership Dues
$0
$0
-
Investments
$5,139,813
$3,560,785
-31%
Other
$24,095,133
$44,298,697
+84%
Total Revenues
$165,430,903
$187,561,164
+13%
Expenses
2023
2024
Change
Grants
$65,140,046
$67,031,491
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$53,497,816
$55,961,952
+5%
Fees to Service Providers
$2,180,283
$1,818,435
-17%
Advertising & Promotion
$142,617
$265,820
+86%
Offices, Occupancy & IT
$10,974,613
$10,387,754
-5%
Interest
$2,409,624
$3,021,743
+25%
Depreciation
$8,522,187
$9,745,175
+14%
Other
$14,899,727
$17,690,657
+19%
Total Expenses
$157,766,913
$165,923,027
+5%
Net income
2023
2024
Change
Net income
+$7,663,990
+$21,638,137
+182%
Functional Expenses
Summary
2023
2024
Change
Program
$145,275,190
$152,265,116
+5%
Admin
$9,420,458
$10,452,724
+11%
Fundraising
$3,071,265
$3,205,187
+4%
Total Expenses
$157,766,913
$165,923,027
+5%
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