MEHARRY MEDICAL COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$239,291,509
Government Grants
33%
Program Services
32%
Contributions
22%
Other
10%
Investments
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$219,707,320
Salaries & Benefits
51%
Fees to Service Providers
17%
Other
17%
Offices, Occupancy & IT
13%
Grants
2%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$33,030,876
$52,809,548
+60%
Government Grants
$79,344,586
$78,369,414
-1%
Fundraising Events
$0
$0
-
Program Services
$71,172,691
$77,079,469
+8%
Membership Dues
$0
$0
-
Investments
$6,386,819
$7,091,742
+11%
Other
$19,505,183
$23,941,336
+23%
Total Revenues
$209,440,155
$239,291,509
+14%
Expenses
2023
2024
Change
Grants
$2,064,532
$3,635,758
+76%
Benefits to Members
$0
$0
-
Salaries & Benefits
$104,063,351
$111,139,888
+7%
Fees to Service Providers
$33,794,732
$37,950,457
+12%
Advertising & Promotion
$20,343
$99,832
+391%
Offices, Occupancy & IT
$31,522,743
$28,157,972
-11%
Interest
$1,135,941
$2,076,271
+83%
Depreciation
$7,333,431
$0
-100%
Other
$20,725,896
$36,647,142
+77%
Total Expenses
$200,660,969
$219,707,320
+9%
Net income
2023
2024
Change
Net income
+$8,779,186
+$19,584,189
+123%
Functional Expenses
Summary
2023
2024
Change
Program
$138,029,759
$136,811,130
-1%
Admin
$59,240,138
$78,254,556
+32%
Fundraising
$3,391,072
$4,641,634
+37%
Total Expenses
$200,660,969
$219,707,320
+9%
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