NORTHWEST NAZARENE UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$76,555,586
Program Services
81%
Other
9%
Contributions
7%
Investments
2%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$70,141,009
Salaries & Benefits
38%
Grants
32%
Offices, Occupancy & IT
9%
Fees to Service Providers
7%
Other
7%
Depreciation
5%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,359,848
$5,393,929
+1%
Government Grants
$719,433
$568,393
-21%
Fundraising Events
$0
$0
-
Program Services
$56,915,411
$61,993,478
+9%
Membership Dues
$0
$0
-
Investments
$2,006,653
$1,798,581
-10%
Other
$657,811
$6,801,205
+934%
Total Revenues
$65,659,156
$76,555,586
+17%
Expenses
2023
2024
Change
Grants
$20,132,911
$22,141,864
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$25,344,815
$26,303,418
+4%
Fees to Service Providers
$5,497,437
$5,026,596
-9%
Advertising & Promotion
$260,149
$366,540
+41%
Offices, Occupancy & IT
$5,952,707
$6,648,155
+12%
Interest
$1,097,079
$1,077,184
-2%
Depreciation
$3,538,056
$3,675,645
+4%
Other
$4,597,050
$4,901,607
+7%
Total Expenses
$66,420,204
$70,141,009
+6%
Net income
2023
2024
Change
Net income
-$761,048
+$6,414,577
-943%
Functional Expenses
Summary
2023
2024
Change
Program
$57,609,616
$60,923,880
+6%
Admin
$5,978,528
$6,180,275
+3%
Fundraising
$2,832,060
$3,036,854
+7%
Total Expenses
$66,420,204
$70,141,009
+6%
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