UNIVERSITY OF HOLY CROSS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$22,061,907
Program Services
89%
Other
5%
Contributions
3%
Investments
1%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$25,405,417
Salaries & Benefits
37%
Grants
36%
Offices, Occupancy & IT
9%
Other
6%
Depreciation
4%
Fees to Service Providers
4%
Advertising & Promotion
2%
Interest
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$489,660
$736,916
+50%
Government Grants
$278,673
$194,419
-30%
Fundraising Events
$147,801
$176,052
+19%
Program Services
$21,134,097
$19,667,166
-7%
Membership Dues
$0
$0
-
Investments
$273,120
$267,512
-2%
Other
$984,501
$1,019,842
+4%
Total Revenues
$23,307,852
$22,061,907
-5%
Expenses
2023
2024
Change
Grants
$9,986,064
$9,091,699
-9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,051,578
$9,326,678
-7%
Fees to Service Providers
$1,067,359
$939,142
-12%
Advertising & Promotion
$505,331
$523,655
+4%
Offices, Occupancy & IT
$1,646,926
$2,371,259
+44%
Interest
$565,956
$522,547
-8%
Depreciation
$1,094,555
$1,053,909
-4%
Other
$1,754,278
$1,576,528
-10%
Total Expenses
$26,672,047
$25,405,417
-5%
Net income
2023
2024
Change
Net income
-$3,364,195
-$3,343,510
+1%
Functional Expenses
Summary
2023
2024
Change
Program
$21,341,907
$19,220,338
-10%
Admin
$4,892,253
$5,731,046
+17%
Fundraising
$437,887
$454,033
+4%
Total Expenses
$26,672,047
$25,405,417
-5%
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