UNIVERSITY OF MOBILE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$47,910,382
Program Services
81%
Contributions
8%
Other
8%
Investments
3%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$49,301,813
Grants
35%
Salaries & Benefits
31%
Fees to Service Providers
14%
Offices, Occupancy & IT
7%
Depreciation
4%
Other
4%
Interest
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,818,817
$3,847,479
+1%
Government Grants
$4,531,183
$160,606
-96%
Fundraising Events
$93,282
$125,827
+35%
Program Services
$36,280,978
$38,707,019
+7%
Membership Dues
$0
$0
-
Investments
$827,705
$1,336,469
+61%
Other
$3,745,943
$3,732,982
0%
Total Revenues
$49,297,908
$47,910,382
-3%
Expenses
2023
2024
Change
Grants
$15,688,530
$17,375,680
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,343,954
$15,398,905
+7%
Fees to Service Providers
$6,258,781
$6,914,311
+10%
Advertising & Promotion
$228,495
$241,472
+6%
Offices, Occupancy & IT
$3,256,036
$3,296,568
+1%
Interest
$1,837,422
$1,781,306
-3%
Depreciation
$2,234,609
$2,173,700
-3%
Other
$2,243,145
$2,119,871
-5%
Total Expenses
$46,090,972
$49,301,813
+7%
Net income
2023
2024
Change
Net income
+$3,206,936
-$1,391,431
-143%
Functional Expenses
Summary
2023
2024
Change
Program
$40,336,946
$43,024,321
+7%
Admin
$5,382,704
$5,863,687
+9%
Fundraising
$371,322
$413,805
+11%
Total Expenses
$46,090,972
$49,301,813
+7%
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