LUBBOCK CHRISTIAN UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$66,504,462
Program Services
60%
Contributions
22%
Government Grants
10%
Other
6%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$52,692,383
Salaries & Benefits
37%
Grants
30%
Other
18%
Offices, Occupancy & IT
6%
Depreciation
5%
Fees to Service Providers
2%
Advertising & Promotion
1%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,328,191
$14,693,110
+42%
Government Grants
$263,746
$6,722,363
+2449%
Fundraising Events
$0
$0
-
Program Services
$37,978,518
$39,893,361
+5%
Membership Dues
$0
$0
-
Investments
$1,009,887
$1,295,718
+28%
Other
$3,709,436
$3,899,910
+5%
Total Revenues
$53,289,778
$66,504,462
+25%
Expenses
2023
2024
Change
Grants
$14,091,163
$15,786,116
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$18,998,763
$19,636,006
+3%
Fees to Service Providers
$650,028
$816,898
+26%
Advertising & Promotion
$412,582
$696,460
+69%
Offices, Occupancy & IT
$3,177,305
$2,950,520
-7%
Interest
$587,448
$693,189
+18%
Depreciation
$2,788,302
$2,850,880
+2%
Other
$8,565,661
$9,262,314
+8%
Total Expenses
$49,271,252
$52,692,383
+7%
Net income
2023
2024
Change
Net income
+$4,018,526
+$13,812,079
+244%
Functional Expenses
Summary
2023
2024
Change
Program
$34,482,958
$37,010,948
+7%
Admin
$14,288,992
$15,138,735
+6%
Fundraising
$499,302
$542,700
+9%
Total Expenses
$49,271,252
$52,692,383
+7%
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