ARIZONA CHRISTIAN UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$52,476,862
Program Services
83%
Contributions
16%
Investments
<1%
Other
<1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$51,323,012
Grants
37%
Salaries & Benefits
27%
Fees to Service Providers
14%
Other
9%
Interest
5%
Depreciation
5%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,486,594
$8,481,761
+143%
Government Grants
$190,384
$57,413
-70%
Fundraising Events
$0
$0
-
Program Services
$35,442,690
$43,587,184
+23%
Membership Dues
$0
$0
-
Investments
$104,651
$260,497
+149%
Other
$285,389
$90,007
-68%
Total Revenues
$39,509,708
$52,476,862
+33%
Expenses
2023
2024
Change
Grants
$15,225,721
$19,141,205
+26%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,456,694
$13,764,217
+10%
Fees to Service Providers
$6,359,168
$6,975,682
+10%
Advertising & Promotion
$145,646
$235,580
+62%
Offices, Occupancy & IT
$2,193,954
$1,658,341
-24%
Interest
$2,356,887
$2,650,437
+12%
Depreciation
$2,382,084
$2,416,157
+1%
Other
$3,430,648
$4,481,393
+31%
Total Expenses
$44,550,802
$51,323,012
+15%
Net income
2023
2024
Change
Net income
-$5,041,094
+$1,153,850
-123%
Functional Expenses
Summary
2023
2024
Change
Program
$40,093,204
$45,841,100
+14%
Admin
$2,348,388
$2,367,969
+1%
Fundraising
$2,109,210
$3,113,943
+48%
Total Expenses
$44,550,802
$51,323,012
+15%
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