BIRMINGHAM-SOUTHERN COLLEGE
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$40,553,275
Program Services
84%
Contributions
13%
Government Grants
2%
Investments
1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$52,459,593
Salaries & Benefits
34%
Grants
30%
Other
16%
Offices, Occupancy & IT
7%
Fees to Service Providers
6%
Depreciation
5%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$8,349,302
$5,327,544
-36%
Government Grants
$686,054
$670,296
-2%
Fundraising Events
$0
$0
-
Program Services
$32,827,351
$33,992,033
+4%
Membership Dues
$0
$0
-
Investments
$465,302
$498,467
+7%
Other
-$241,628
$64,935
-127%
Total Revenues
$42,086,381
$40,553,275
-4%
Expenses
2023
2024
Change
Grants
$9,724,582
$15,477,793
+59%
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,465,049
$17,719,037
-13%
Fees to Service Providers
$8,799,454
$2,968,543
-66%
Advertising & Promotion
$546,263
$24,127
-96%
Offices, Occupancy & IT
$4,457,938
$3,921,035
-12%
Interest
$1,497,635
$1,270,536
-15%
Depreciation
$2,471,303
$2,616,860
+6%
Other
$5,452,021
$8,461,662
+55%
Total Expenses
$53,414,245
$52,459,593
-2%
Net income
2023
2024
Change
Net income
-$11,327,864
-$11,906,318
-5%
Functional Expenses
Summary
2023
2024
Change
Program
$43,549,032
$43,745,812
+0%
Admin
$5,463,111
$5,610,243
+3%
Fundraising
$4,402,102
$3,103,538
-29%
Total Expenses
$53,414,245
$52,459,593
-2%
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