FAULKNER UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$83,641,697
Program Services
71%
Contributions
22%
Government Grants
4%
Investments
1%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$71,300,188
Salaries & Benefits
41%
Grants
22%
Other
21%
Offices, Occupancy & IT
8%
Depreciation
5%
Advertising & Promotion
2%
Fees to Service Providers
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$5,598,649
$18,699,285
+234%
Government Grants
$2,076,831
$3,105,132
+50%
Fundraising Events
$451,775
$216,854
-52%
Program Services
$55,649,974
$59,733,725
+7%
Membership Dues
$0
$0
-
Investments
$948,975
$1,249,039
+32%
Other
$897,909
$637,662
-29%
Total Revenues
$65,624,113
$83,641,697
+27%
Expenses
2023
2024
Change
Grants
$14,125,214
$15,412,600
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$26,416,672
$29,167,428
+10%
Fees to Service Providers
$502,994
$233,887
-54%
Advertising & Promotion
$1,563,295
$1,578,312
+1%
Offices, Occupancy & IT
$5,689,801
$5,966,716
+5%
Interest
$0
$0
-
Depreciation
$3,703,252
$3,745,325
+1%
Other
$13,599,149
$15,195,920
+12%
Total Expenses
$65,600,377
$71,300,188
+9%
Net income
2023
2024
Change
Net income
+$23,736
+$12,341,509
+51895%
Functional Expenses
Summary
2023
2024
Change
Program
$56,295,078
$60,639,185
+8%
Admin
$7,958,477
$9,379,096
+18%
Fundraising
$1,346,822
$1,281,907
-5%
Total Expenses
$65,600,377
$71,300,188
+9%
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