UNIVERSITY OF THE SOUTHWEST
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2025
$21,824,198
Program Services
77%
Other
19%
Contributions
3%
Government Grants
<1%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$18,352,001
Salaries & Benefits
38%
Grants
22%
Offices, Occupancy & IT
13%
Other
12%
Fees to Service Providers
11%
Depreciation
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$589,249
$652,611
+11%
Government Grants
$133,474
$112,622
-16%
Fundraising Events
$17,400
$34,395
+98%
Program Services
$16,045,593
$16,886,028
+5%
Membership Dues
$0
$0
-
Investments
$14,779
$47,697
+223%
Other
$690,182
$4,090,845
+493%
Total Revenues
$17,490,677
$21,824,198
+25%
Expenses
2024
2025
Change
Grants
$4,302,775
$4,016,687
-7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,412,858
$7,029,803
+10%
Fees to Service Providers
$1,563,665
$1,943,948
+24%
Advertising & Promotion
$13,994
$10,231
-27%
Offices, Occupancy & IT
$2,181,160
$2,408,537
+10%
Interest
$1,945
$0
-100%
Depreciation
$677,450
$728,212
+7%
Other
$2,533,208
$2,214,583
-13%
Total Expenses
$17,687,055
$18,352,001
+4%
Net income
2024
2025
Change
Net income
-$196,378
+$3,472,197
-1868%
Functional Expenses
Summary
2024
2025
Change
Program
$12,779,167
$13,776,460
+8%
Admin
$4,768,838
$4,424,372
-7%
Fundraising
$139,050
$151,169
+9%
Total Expenses
$17,687,055
$18,352,001
+4%
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