SPRING HILL COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$28,525,403
Program Services
73%
Contributions
17%
Government Grants
8%
Investments
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$42,764,096
Salaries & Benefits
37%
Offices, Occupancy & IT
25%
Other
17%
Interest
9%
Depreciation
8%
Fees to Service Providers
4%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,562,991
$4,922,675
+38%
Government Grants
$0
$2,204,377
-
Fundraising Events
$0
$0
-
Program Services
$22,862,073
$20,804,586
-9%
Membership Dues
$0
$0
-
Investments
$101,096
$455,691
+351%
Other
$1,067,017
$138,074
-87%
Total Revenues
$27,593,177
$28,525,403
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,151,989
$16,004,198
-1%
Fees to Service Providers
$979,208
$1,801,090
+84%
Advertising & Promotion
$178,937
$89,652
-50%
Offices, Occupancy & IT
$10,765,700
$10,531,801
-2%
Interest
$3,280,206
$3,692,261
+13%
Depreciation
$3,510,286
$3,534,989
+1%
Other
$6,672,403
$7,110,105
+7%
Total Expenses
$41,538,729
$42,764,096
+3%
Net income
2023
2024
Change
Net income
-$13,945,552
-$14,238,693
-2%
Functional Expenses
Summary
2023
2024
Change
Program
$27,341,130
$38,061,056
+39%
Admin
$13,196,077
$3,386,727
-74%
Fundraising
$1,001,522
$1,316,313
+31%
Total Expenses
$41,538,729
$42,764,096
+3%
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