Tuskegee University
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$224,781,370
Program Services
38%
Government Grants
35%
Contributions
18%
Other
9%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$176,118,910
Other
82%
Grants
18%
Benefits to Members
0%
Salaries & Benefits
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$22,106,605
$40,362,017
+83%
Government Grants
$73,385,460
$79,347,348
+8%
Fundraising Events
$0
$0
-
Program Services
$76,077,331
$84,506,437
+11%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$11,534,362
$20,565,568
+78%
Total Revenues
$183,103,758
$224,781,370
+23%
Expenses
2023
2024
Change
Grants
$25,898,958
$32,493,840
+25%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$141,819,340
$143,625,070
+1%
Total Expenses
$167,718,298
$176,118,910
+5%
Net income
2023
2024
Change
Net income
+$15,385,460
+$48,662,460
+216%
Functional Expenses
Summary
2023
2024
Change
Program
$136,949,674
$148,892,849
+9%
Admin
$30,768,624
$27,226,061
-12%
Fundraising
$0
$0
-
Total Expenses
$167,718,298
$176,118,910
+5%
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