MEMPHIS UNIVERSITY SCHOOL
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$36,356,097
Contributions
52%
Program Services
42%
Other
4%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$21,872,106
Salaries & Benefits
60%
Grants
12%
Offices, Occupancy & IT
11%
Depreciation
8%
Other
6%
Fees to Service Providers
2%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$10,678,250
$18,795,847
+76%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$15,015,552
$15,398,268
+3%
Membership Dues
$0
$0
-
Investments
$475,854
$774,197
+63%
Other
$698,340
$1,387,785
+99%
Total Revenues
$26,867,996
$36,356,097
+35%
Expenses
2023
2024
Change
Grants
$2,488,932
$2,664,009
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,690,805
$13,113,640
+3%
Fees to Service Providers
$517,257
$523,806
+1%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$2,211,813
$2,401,000
+9%
Interest
$148,378
$112,299
-24%
Depreciation
$1,749,034
$1,708,783
-2%
Other
$1,427,254
$1,348,569
-6%
Total Expenses
$21,233,473
$21,872,106
+3%
Net income
2023
2024
Change
Net income
+$5,634,523
+$14,483,991
+157%
Functional Expenses
Summary
2023
2024
Change
Program
$15,537,455
$15,897,287
+2%
Admin
$4,596,641
$4,845,250
+5%
Fundraising
$1,099,377
$1,129,569
+3%
Total Expenses
$21,233,473
$21,872,106
+3%
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