OAKWOOD UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$71,851,223
Program Services
55%
Contributions
24%
Government Grants
10%
Other
10%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$75,491,477
Salaries & Benefits
35%
Grants
24%
Other
20%
Fees to Service Providers
7%
Depreciation
7%
Offices, Occupancy & IT
6%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$15,613,866
$17,587,499
+13%
Government Grants
$9,352,884
$7,333,489
-22%
Fundraising Events
$0
$0
-
Program Services
$39,622,784
$39,340,856
-1%
Membership Dues
$0
$0
-
Investments
$528,823
$495,040
-6%
Other
$2,222,388
$7,094,339
+219%
Total Revenues
$67,340,745
$71,851,223
+7%
Expenses
2023
2024
Change
Grants
$20,122,860
$17,803,976
-12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$26,167,072
$26,752,281
+2%
Fees to Service Providers
$4,375,625
$5,153,079
+18%
Advertising & Promotion
$338,518
$176,585
-48%
Offices, Occupancy & IT
$3,138,948
$4,661,054
+48%
Interest
$563,918
$624,783
+11%
Depreciation
$4,964,546
$4,964,288
0%
Other
$17,342,241
$15,355,431
-11%
Total Expenses
$77,013,728
$75,491,477
-2%
Net income
2023
2024
Change
Net income
-$9,672,983
-$3,640,254
+62%
Functional Expenses
Summary
2023
2024
Change
Program
$52,138,786
$50,913,205
-2%
Admin
$23,921,882
$23,644,644
-1%
Fundraising
$953,060
$933,628
-2%
Total Expenses
$77,013,728
$75,491,477
-2%
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