CARSON-NEWMAN UNIVERSITY
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$58,703,240
Program Services
68%
Contributions
15%
Other
12%
Government Grants
5%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$55,603,631
Salaries & Benefits
48%
Other
44%
Depreciation
6%
Interest
2%
Grants
0%
Benefits to Members
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Revenues
2023
2024
Change
Contributions
$9,724,783
$8,854,054
-9%
Government Grants
$5,333,704
$2,660,930
-50%
Fundraising Events
$0
$0
-
Program Services
$39,985,070
$40,020,379
+0%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$2,561,492
$7,167,877
+180%
Total Revenues
$57,605,049
$58,703,240
+2%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$25,135,219
$26,709,596
+6%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$640,068
$933,956
+46%
Depreciation
$3,249,867
$3,472,154
+7%
Other
$21,535,970
$24,487,925
+14%
Total Expenses
$50,561,124
$55,603,631
+10%
Net income
2023
2024
Change
Net income
+$7,043,925
+$3,099,609
-56%
Functional Expenses
Summary
2023
2024
Change
Program
$42,641,420
$46,943,240
+10%
Admin
$6,785,974
$7,512,832
+11%
Fundraising
$1,133,730
$1,147,559
+1%
Total Expenses
$50,561,124
$55,603,631
+10%
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