University of St Thomas
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$135,677,178
Program Services
80%
Contributions
15%
Government Grants
2%
Other
2%
Fundraising Events
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$128,317,638
Salaries & Benefits
35%
Grants
30%
Fees to Service Providers
13%
Offices, Occupancy & IT
11%
Other
5%
Depreciation
4%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$9,387,793
$20,093,262
+114%
Government Grants
$4,148,495
$3,368,800
-19%
Fundraising Events
$1,392,408
$1,320,200
-5%
Program Services
$98,955,957
$108,468,800
+10%
Membership Dues
$0
$0
-
Investments
$301,893
$269,218
-11%
Other
$1,299,154
$2,156,898
+66%
Total Revenues
$115,485,700
$135,677,178
+17%
Expenses
2023
2024
Change
Grants
$33,115,772
$38,341,681
+16%
Benefits to Members
$0
$0
-
Salaries & Benefits
$46,163,972
$45,248,578
-2%
Fees to Service Providers
$16,514,022
$16,238,523
-2%
Advertising & Promotion
$716,424
$450,315
-37%
Offices, Occupancy & IT
$13,424,861
$14,171,341
+6%
Interest
$2,124,536
$2,305,025
+8%
Depreciation
$5,399,944
$5,162,383
-4%
Other
$6,392,447
$6,399,792
+0%
Total Expenses
$123,851,978
$128,317,638
+4%
Net income
2023
2024
Change
Net income
-$8,366,278
+$7,359,540
-188%
Functional Expenses
Summary
2023
2024
Change
Program
$95,898,026
$101,513,144
+6%
Admin
$25,265,837
$24,215,620
-4%
Fundraising
$2,688,115
$2,588,874
-4%
Total Expenses
$123,851,978
$128,317,638
+4%
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