Union University
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$104,790,662
Program Services
83%
Contributions
13%
Other
2%
Investments
<1%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$94,752,486
Salaries & Benefits
44%
Grants
30%
Offices, Occupancy & IT
12%
Other
6%
Depreciation
5%
Advertising & Promotion
2%
Fees to Service Providers
2%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$9,697,383
$13,227,999
+36%
Government Grants
$4,261,360
$892,686
-79%
Fundraising Events
$181,759
$194,163
+7%
Program Services
$85,630,227
$87,341,844
+2%
Membership Dues
$0
$0
-
Investments
$935,283
$993,672
+6%
Other
$1,470,511
$2,140,298
+46%
Total Revenues
$102,176,523
$104,790,662
+3%
Expenses
2023
2024
Change
Grants
$29,092,568
$28,751,734
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$42,283,725
$41,400,297
-2%
Fees to Service Providers
$990,057
$1,452,729
+47%
Advertising & Promotion
$1,648,797
$1,507,442
-9%
Offices, Occupancy & IT
$10,864,742
$11,194,245
+3%
Interest
$200,895
$156,511
-22%
Depreciation
$4,308,532
$4,493,886
+4%
Other
$5,993,674
$5,795,642
-3%
Total Expenses
$95,382,990
$94,752,486
-1%
Net income
2023
2024
Change
Net income
+$6,793,533
+$10,038,176
+48%
Functional Expenses
Summary
2023
2024
Change
Program
$88,690,946
$87,778,057
-1%
Admin
$5,729,923
$6,111,780
+7%
Fundraising
$962,121
$862,649
-10%
Total Expenses
$95,382,990
$94,752,486
-1%
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