GEORGE FOX UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$157,571,374
Program Services
91%
Contributions
4%
Investments
3%
Other
1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$149,295,263
Salaries & Benefits
42%
Grants
32%
Offices, Occupancy & IT
7%
Fees to Service Providers
7%
Other
6%
Depreciation
3%
Advertising & Promotion
2%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,015,593
$6,923,073
+15%
Government Grants
$4,191,994
$999,107
-76%
Fundraising Events
$0
$0
-
Program Services
$136,568,489
$143,012,033
+5%
Membership Dues
$0
$0
-
Investments
$2,830,802
$4,885,758
+73%
Other
$2,137,627
$1,751,403
-18%
Total Revenues
$151,744,505
$157,571,374
+4%
Expenses
2023
2024
Change
Grants
$46,248,811
$48,099,467
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$57,991,846
$63,400,483
+9%
Fees to Service Providers
$9,989,938
$10,550,997
+6%
Advertising & Promotion
$2,135,292
$2,282,097
+7%
Offices, Occupancy & IT
$10,463,489
$10,559,665
+1%
Interest
$1,379,304
$1,331,442
-3%
Depreciation
$4,980,818
$4,825,734
-3%
Other
$9,119,396
$8,245,378
-10%
Total Expenses
$142,308,894
$149,295,263
+5%
Net income
2023
2024
Change
Net income
+$9,435,611
+$8,276,111
-12%
Functional Expenses
Summary
2023
2024
Change
Program
$120,891,998
$127,575,291
+6%
Admin
$19,959,266
$20,147,029
+1%
Fundraising
$1,457,630
$1,572,943
+8%
Total Expenses
$142,308,894
$149,295,263
+5%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)