UNIVERSITY OF DENVER
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$834,903,600
Program Services
93%
Contributions
4%
Other
2%
Investments
2%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$857,665,837
Salaries & Benefits
44%
Grants
29%
Fees to Service Providers
10%
Offices, Occupancy & IT
9%
Other
5%
Depreciation
2%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$36,432,452
$34,717,439
-5%
Government Grants
$0
$0
-
Fundraising Events
$42,937
$54,875
+28%
Program Services
$749,070,919
$772,627,218
+3%
Membership Dues
$0
$0
-
Investments
$11,064,414
$12,925,519
+17%
Other
$10,662,501
$14,578,549
+37%
Total Revenues
$807,273,223
$834,903,600
+3%
Expenses
2023
2024
Change
Grants
$237,467,011
$249,704,747
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$349,785,384
$378,778,660
+8%
Fees to Service Providers
$86,251,178
$83,443,776
-3%
Advertising & Promotion
$5,411,075
$5,663,181
+5%
Offices, Occupancy & IT
$71,945,495
$73,080,628
+2%
Interest
$8,158,871
$7,903,361
-3%
Depreciation
$19,064,846
$19,415,284
+2%
Other
$37,987,561
$39,676,200
+4%
Total Expenses
$816,071,421
$857,665,837
+5%
Net income
2023
2024
Change
Net income
-$8,798,198
-$22,762,237
-159%
Functional Expenses
Summary
2023
2024
Change
Program
$732,408,704
$771,850,515
+5%
Admin
$66,035,518
$65,218,593
-1%
Fundraising
$17,627,199
$20,596,729
+17%
Total Expenses
$816,071,421
$857,665,837
+5%
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