FREED-HARDEMAN UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$69,201,935
Program Services
70%
Contributions
25%
Investments
3%
Other
1%
Fundraising Events
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$58,914,183
Salaries & Benefits
36%
Grants
31%
Other
15%
Offices, Occupancy & IT
7%
Fees to Service Providers
4%
Depreciation
4%
Interest
2%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$14,964,878
$17,125,573
+14%
Government Grants
$1,551,637
$338,627
-78%
Fundraising Events
$0
$526,441
-
Program Services
$51,778,848
$48,520,540
-6%
Membership Dues
$0
$0
-
Investments
$768,946
$1,816,518
+136%
Other
$201,279
$874,236
+334%
Total Revenues
$69,265,588
$69,201,935
0%
Expenses
2023
2024
Change
Grants
$18,995,026
$17,979,527
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,728,050
$21,257,962
+8%
Fees to Service Providers
$1,335,761
$2,597,983
+94%
Advertising & Promotion
$502,270
$710,789
+42%
Offices, Occupancy & IT
$2,825,486
$4,033,943
+43%
Interest
$991,628
$1,067,849
+8%
Depreciation
$2,418,466
$2,559,401
+6%
Other
$12,870,521
$8,706,729
-32%
Total Expenses
$59,667,208
$58,914,183
-1%
Net income
2023
2024
Change
Net income
+$9,598,380
+$10,287,752
+7%
Functional Expenses
Summary
2023
2024
Change
Program
$52,246,252
$51,723,741
-1%
Admin
$5,050,226
$5,125,103
+1%
Fundraising
$2,370,730
$2,065,339
-13%
Total Expenses
$59,667,208
$58,914,183
-1%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)