Southern College of Optometry
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$35,582,027
Program Services
78%
Government Grants
8%
Contributions
7%
Investments
6%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$35,938,397
Salaries & Benefits
65%
Other
21%
Fees to Service Providers
5%
Depreciation
4%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$1,523,675
$2,617,774
+72%
Government Grants
$154,201
$2,946,309
+1811%
Fundraising Events
$0
$0
-
Program Services
$27,179,934
$27,772,638
+2%
Membership Dues
$0
$0
-
Investments
$1,221,091
$2,030,493
+66%
Other
$420,752
$214,813
-49%
Total Revenues
$30,499,653
$35,582,027
+17%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$22,642,933
$23,427,823
+3%
Fees to Service Providers
$1,191,835
$1,877,393
+58%
Advertising & Promotion
$464,520
$331,317
-29%
Offices, Occupancy & IT
$1,193,031
$1,061,785
-11%
Interest
$90,131
$117,378
+30%
Depreciation
$1,513,214
$1,515,293
+0%
Other
$7,137,748
$7,607,408
+7%
Total Expenses
$34,233,412
$35,938,397
+5%
Net income
2024
2025
Change
Net income
-$3,733,759
-$356,370
+90%
Functional Expenses
Summary
2024
2025
Change
Program
$20,937,230
$22,113,765
+6%
Admin
$13,154,919
$13,675,064
+4%
Fundraising
$141,263
$149,568
+6%
Total Expenses
$34,233,412
$35,938,397
+5%
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