Corban University
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$34,920,193
Program Services
88%
Contributions
10%
Investments
<1%
Fundraising Events
<1%
Other
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$34,238,483
Grants
42%
Salaries & Benefits
29%
Fees to Service Providers
13%
Offices, Occupancy & IT
6%
Other
5%
Depreciation
3%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,746,905
$3,586,368
+105%
Government Grants
$2,496,721
$0
-100%
Fundraising Events
$139,537
$141,770
+2%
Program Services
$31,461,314
$30,769,459
-2%
Membership Dues
$0
$0
-
Investments
$226,400
$291,400
+29%
Other
$197,799
$131,196
-34%
Total Revenues
$36,268,676
$34,920,193
-4%
Expenses
2023
2024
Change
Grants
$14,561,000
$14,283,026
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,097,876
$9,987,946
-10%
Fees to Service Providers
$3,837,215
$4,591,637
+20%
Advertising & Promotion
$234,972
$176,710
-25%
Offices, Occupancy & IT
$2,000,127
$2,093,944
+5%
Interest
$413,747
$354,475
-14%
Depreciation
$1,092,194
$1,136,600
+4%
Other
$1,548,753
$1,614,145
+4%
Total Expenses
$34,785,884
$34,238,483
-2%
Net income
2023
2024
Change
Net income
+$1,482,792
+$681,710
-54%
Functional Expenses
Summary
2023
2024
Change
Program
$28,865,355
$28,459,576
-1%
Admin
$5,356,676
$5,030,406
-6%
Fundraising
$563,853
$748,501
+33%
Total Expenses
$34,785,884
$34,238,483
-2%
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