LIPSCOMB UNIVERSITY
LIPSCOMB UNIVERSITY
LIPSCOMB UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$242,542,412
Program Services
88%
Contributions
7%
Other
3%
Government Grants
2%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$243,688,539
Salaries & Benefits
38%
Grants
26%
Other
17%
Offices, Occupancy & IT
7%
Depreciation
6%
Interest
4%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$13,958,439
$16,289,896
+17%
Government Grants
$1,903,062
$3,995,418
+110%
Fundraising Events
$70,558
$138,641
+96%
Program Services
$203,055,331
$212,758,603
+5%
Membership Dues
$0
$0
-
Investments
$1,954,028
$2,701,827
+38%
Other
$7,266,537
$6,658,027
-8%
Total Revenues
$228,207,955
$242,542,412
+6%
Expenses
2023
2024
Change
Grants
$57,703,729
$63,340,664
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$90,848,047
$93,041,814
+2%
Fees to Service Providers
$4,131,056
$3,220,738
-22%
Advertising & Promotion
$1,481,925
$1,946,607
+31%
Offices, Occupancy & IT
$17,300,322
$16,611,684
-4%
Interest
$9,406,602
$9,550,264
+2%
Depreciation
$13,251,835
$13,745,478
+4%
Other
$41,452,443
$42,231,290
+2%
Total Expenses
$235,575,959
$243,688,539
+3%
Net income
2023
2024
Change
Net income
-$7,368,004
-$1,146,127
+84%
Functional Expenses
Summary
2023
2024
Change
Program
$199,128,787
$207,145,057
+4%
Admin
$33,015,003
$33,263,168
+1%
Fundraising
$3,432,169
$3,280,314
-4%
Total Expenses
$235,575,959
$243,688,539
+3%
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