CARLOS ALBIZU UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$40,689,988
Program Services
77%
Other
13%
Government Grants
7%
Investments
2%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$41,107,403
Salaries & Benefits
61%
Other
27%
Fees to Service Providers
9%
Depreciation
3%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Revenues
2023
2024
Change
Contributions
$0
$388,886
-
Government Grants
$2,760,953
$2,727,942
-1%
Fundraising Events
$0
$0
-
Program Services
$30,372,627
$31,471,893
+4%
Membership Dues
$0
$0
-
Investments
$487,254
$616,302
+26%
Other
$8,340,980
$5,484,965
-34%
Total Revenues
$41,961,814
$40,689,988
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$24,320,725
$24,896,630
+2%
Fees to Service Providers
$5,085,026
$3,825,209
-25%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$368,449
$391,466
+6%
Depreciation
$1,111,562
$1,095,848
-1%
Other
$10,961,758
$10,898,250
-1%
Total Expenses
$41,847,520
$41,107,403
-2%
Net income
2023
2024
Change
Net income
+$114,294
-$417,415
-465%
Functional Expenses
Summary
2023
2024
Change
Program
$20,958,967
$21,233,251
+1%
Admin
$20,888,553
$19,874,152
-5%
Fundraising
$0
$0
-
Total Expenses
$41,847,520
$41,107,403
-2%
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