Tougaloo College
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$33,759,001
Government Grants
39%
Program Services
35%
Contributions
21%
Other
6%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$37,484,599
Other
91%
Grants
6%
Salaries & Benefits
3%
Benefits to Members
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$6,066,860
$7,053,451
+16%
Government Grants
$11,692,552
$13,045,195
+12%
Fundraising Events
$0
$0
-
Program Services
$11,021,250
$11,767,881
+7%
Membership Dues
$0
$0
-
Investments
$2,702
$20,216
+648%
Other
$1,441,969
$1,872,258
+30%
Total Revenues
$30,225,333
$33,759,001
+12%
Expenses
2023
2024
Change
Grants
$2,244,071
$2,244,778
+0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,199,753
$1,101,190
-8%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$30,758,041
$34,138,631
+11%
Total Expenses
$34,201,865
$37,484,599
+10%
Net income
2023
2024
Change
Net income
-$3,976,532
-$3,725,598
+6%
Functional Expenses
Summary
2023
2024
Change
Program
$27,379,021
$30,233,377
+10%
Admin
$6,157,319
$6,541,206
+6%
Fundraising
$665,525
$710,016
+7%
Total Expenses
$34,201,865
$37,484,599
+10%
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