McMurry University
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$55,179,538
Program Services
66%
Government Grants
11%
Other
8%
Contributions
7%
Investments
7%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$54,629,986
Salaries & Benefits
33%
Grants
33%
Other
15%
Offices, Occupancy & IT
9%
Depreciation
7%
Interest
2%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$15,758,725
$4,095,169
-74%
Government Grants
$2,503,428
$6,167,461
+146%
Fundraising Events
$84,505
$89,012
+5%
Program Services
$32,922,500
$36,408,595
+11%
Membership Dues
$0
$0
-
Investments
$3,164,023
$3,810,322
+20%
Other
$521,419
$4,608,979
+784%
Total Revenues
$54,954,600
$55,179,538
+0%
Expenses
2023
2024
Change
Grants
$14,783,732
$17,899,070
+21%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,179,370
$18,140,000
+6%
Fees to Service Providers
$532,860
$824,449
+55%
Advertising & Promotion
$0
$10,000
-
Offices, Occupancy & IT
$3,196,986
$4,813,198
+51%
Interest
$350,459
$1,047,331
+199%
Depreciation
$2,817,074
$3,673,045
+30%
Other
$8,570,801
$8,222,893
-4%
Total Expenses
$47,431,282
$54,629,986
+15%
Net income
2023
2024
Change
Net income
+$7,523,318
+$549,552
-93%
Functional Expenses
Summary
2023
2024
Change
Program
$41,081,222
$47,830,687
+16%
Admin
$5,721,730
$5,981,810
+5%
Fundraising
$628,330
$817,489
+30%
Total Expenses
$47,431,282
$54,629,986
+15%
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