Southern Methodist University
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$1,148,707,746
Program Services
68%
Contributions
23%
Other
6%
Investments
3%
Fundraising Events
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$989,836,695
Salaries & Benefits
41%
Grants
24%
Other
11%
Offices, Occupancy & IT
8%
Fees to Service Providers
6%
Depreciation
6%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$148,832,608
$268,068,560
+80%
Government Grants
$158,214
$199,174
+26%
Fundraising Events
$2,737,681
$2,084,558
-24%
Program Services
$748,985,506
$775,567,487
+4%
Membership Dues
$0
$0
-
Investments
$27,297,436
$34,704,309
+27%
Other
$113,253,472
$68,083,658
-40%
Total Revenues
$1,041,264,917
$1,148,707,746
+10%
Expenses
2023
2024
Change
Grants
$233,107,956
$242,124,595
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$370,822,575
$407,465,072
+10%
Fees to Service Providers
$58,497,384
$62,838,984
+7%
Advertising & Promotion
$7,792,766
$8,604,203
+10%
Offices, Occupancy & IT
$78,148,607
$83,877,710
+7%
Interest
$18,413,514
$17,889,920
-3%
Depreciation
$52,906,476
$58,753,917
+11%
Other
$83,978,349
$108,282,294
+29%
Total Expenses
$903,667,627
$989,836,695
+10%
Net income
2023
2024
Change
Net income
+$137,597,290
+$158,871,051
+15%
Functional Expenses
Summary
2023
2024
Change
Program
$800,102,938
$880,085,670
+10%
Admin
$82,814,989
$85,009,648
+3%
Fundraising
$20,749,700
$24,741,377
+19%
Total Expenses
$903,667,627
$989,836,695
+10%
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