SIMPSON UNIVERSITY
Income Statement
Fiscal Year Start:
May 1
Revenues in 2025
$43,528,233
Program Services
86%
Government Grants
6%
Contributions
6%
Investments
<1%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$43,111,415
Grants
32%
Salaries & Benefits
32%
Other
20%
Offices, Occupancy & IT
4%
Interest
4%
Fees to Service Providers
3%
Depreciation
3%
Advertising & Promotion
2%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$1,680,151
$2,493,616
+48%
Government Grants
$2,806,039
$2,729,924
-3%
Fundraising Events
$31,456
$37,620
+20%
Program Services
$32,867,303
$37,410,253
+14%
Membership Dues
$0
$0
-
Investments
$454,555
$428,845
-6%
Other
$815,982
$427,975
-48%
Total Revenues
$38,655,486
$43,528,233
+13%
Expenses
2024
2025
Change
Grants
$12,575,076
$13,859,932
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,257,297
$13,777,304
+4%
Fees to Service Providers
$1,062,122
$1,368,687
+29%
Advertising & Promotion
$661,874
$653,035
-1%
Offices, Occupancy & IT
$3,985,361
$1,729,192
-57%
Interest
$1,793,627
$1,705,376
-5%
Depreciation
$1,078,605
$1,252,067
+16%
Other
$5,249,647
$8,765,822
+67%
Total Expenses
$39,663,609
$43,111,415
+9%
Net income
2024
2025
Change
Net income
-$1,008,123
+$416,818
-141%
Functional Expenses
Summary
2024
2025
Change
Program
$33,963,049
$37,569,178
+11%
Admin
$4,867,038
$4,456,992
-8%
Fundraising
$833,522
$1,085,245
+30%
Total Expenses
$39,663,609
$43,111,415
+9%
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