Simpson University
Income Statement
Fiscal Year Start:
May 1
Revenues in 2024
$38,655,486
Program Services
85%
Government Grants
7%
Contributions
4%
Other
2%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$39,663,609
Salaries & Benefits
33%
Grants
32%
Other
13%
Offices, Occupancy & IT
10%
Interest
5%
Depreciation
3%
Fees to Service Providers
3%
Advertising & Promotion
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,131,662
$1,680,151
-59%
Government Grants
$2,699,138
$2,806,039
+4%
Fundraising Events
$31,456
$31,456
+0%
Program Services
$28,927,822
$32,867,303
+14%
Membership Dues
$0
$0
-
Investments
$413,924
$454,555
+10%
Other
$982,569
$815,982
-17%
Total Revenues
$37,186,571
$38,655,486
+4%
Expenses
2023
2024
Change
Grants
$11,178,772
$12,575,076
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,770,945
$13,257,297
+4%
Fees to Service Providers
$1,357,532
$1,062,122
-22%
Advertising & Promotion
$1,019,965
$661,874
-35%
Offices, Occupancy & IT
$3,967,435
$3,985,361
+0%
Interest
$1,755,043
$1,793,627
+2%
Depreciation
$1,182,627
$1,078,605
-9%
Other
$4,752,443
$5,249,647
+10%
Total Expenses
$37,984,762
$39,663,609
+4%
Net income
2023
2024
Change
Net income
-$798,191
-$1,008,123
-26%
Functional Expenses
Summary
2023
2024
Change
Program
$32,249,737
$33,963,049
+5%
Admin
$4,891,799
$4,867,038
-1%
Fundraising
$843,226
$833,522
-1%
Total Expenses
$37,984,762
$39,663,609
+4%
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