Millsaps College
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$49,893,046
Program Services
61%
Contributions
23%
Investments
9%
Other
6%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$51,520,523
Salaries & Benefits
35%
Grants
33%
Offices, Occupancy & IT
12%
Other
9%
Depreciation
6%
Fees to Service Providers
3%
Advertising & Promotion
1%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$9,906,979
$11,516,146
+16%
Government Grants
$454,778
$331,651
-27%
Fundraising Events
$0
$0
-
Program Services
$34,256,340
$30,586,065
-11%
Membership Dues
$0
$0
-
Investments
$1,550,041
$4,531,101
+192%
Other
$16,100,356
$2,928,083
-82%
Total Revenues
$62,268,494
$49,893,046
-20%
Expenses
2023
2024
Change
Grants
$18,730,847
$16,937,208
-10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,948,820
$18,047,248
+6%
Fees to Service Providers
$978,925
$1,333,858
+36%
Advertising & Promotion
$687,017
$609,756
-11%
Offices, Occupancy & IT
$6,331,123
$6,029,838
-5%
Interest
$619,470
$579,200
-7%
Depreciation
$3,248,575
$3,152,206
-3%
Other
$4,552,665
$4,831,209
+6%
Total Expenses
$52,097,442
$51,520,523
-1%
Net income
2023
2024
Change
Net income
+$10,171,052
-$1,627,477
-116%
Functional Expenses
Summary
2023
2024
Change
Program
$37,771,637
$38,121,185
+1%
Admin
$10,756,704
$10,163,439
-6%
Fundraising
$3,569,101
$3,235,899
-9%
Total Expenses
$52,097,442
$51,520,523
-1%
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