WILLIAM CAREY UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$114,883,434
Program Services
77%
Contributions
12%
Government Grants
7%
Other
3%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$98,926,670
Salaries & Benefits
46%
Grants
17%
Other
17%
Fees to Service Providers
9%
Depreciation
6%
Offices, Occupancy & IT
4%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,018,630
$13,427,730
+123%
Government Grants
$1,687,902
$7,705,178
+356%
Fundraising Events
$157,085
$350,292
+123%
Program Services
$82,814,676
$88,040,671
+6%
Membership Dues
$0
$0
-
Investments
$1,304,195
$2,399,407
+84%
Other
$1,701,222
$2,960,156
+74%
Total Revenues
$93,683,710
$114,883,434
+23%
Expenses
2023
2024
Change
Grants
$14,901,213
$16,608,801
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$9,872,516
$45,219,479
+358%
Fees to Service Providers
$8,682,670
$8,569,973
-1%
Advertising & Promotion
$785,182
$931,701
+19%
Offices, Occupancy & IT
$3,701,584
$3,915,076
+6%
Interest
$1,132,644
$1,077,052
-5%
Depreciation
$6,285,185
$6,120,843
-3%
Other
$47,731,063
$16,483,745
-65%
Total Expenses
$93,092,057
$98,926,670
+6%
Net income
2023
2024
Change
Net income
+$591,653
+$15,956,764
+2597%
Functional Expenses
Summary
2023
2024
Change
Program
$66,291,007
$71,694,492
+8%
Admin
$26,221,447
$26,467,793
+1%
Fundraising
$579,603
$764,385
+32%
Total Expenses
$93,092,057
$98,926,670
+6%
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