Naropa University
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$36,919,464
Program Services
84%
Contributions
10%
Other
4%
Government Grants
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$37,485,438
Salaries & Benefits
51%
Grants
19%
Offices, Occupancy & IT
15%
Fees to Service Providers
7%
Other
4%
Interest
2%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,022,036
$3,519,412
+74%
Government Grants
$694,037
$753,580
+9%
Fundraising Events
$0
$0
-
Program Services
$29,114,426
$31,056,486
+7%
Membership Dues
$0
$0
-
Investments
$25,729
$75,076
+192%
Other
$0
$1,514,910
-
Total Revenues
$31,856,228
$36,919,464
+16%
Expenses
2023
2024
Change
Grants
$7,103,557
$6,998,285
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$18,675,290
$19,205,275
+3%
Fees to Service Providers
$2,432,225
$2,512,762
+3%
Advertising & Promotion
$553,357
$362,018
-35%
Offices, Occupancy & IT
$5,497,098
$5,567,181
+1%
Interest
$562,552
$855,428
+52%
Depreciation
$483,646
$559,033
+16%
Other
$1,708,789
$1,425,456
-17%
Total Expenses
$37,016,514
$37,485,438
+1%
Net income
2023
2024
Change
Net income
-$5,160,286
-$565,974
+89%
Functional Expenses
Summary
2023
2024
Change
Program
$28,128,015
$29,200,193
+4%
Admin
$8,526,666
$7,738,583
-9%
Fundraising
$361,833
$546,662
+51%
Total Expenses
$37,016,514
$37,485,438
+1%
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