GRADUATE THEOLOGICAL UNION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,096,152
Program Services
56%
Other
22%
Contributions
20%
Investments
2%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$12,062,684
Salaries & Benefits
52%
Offices, Occupancy & IT
12%
Fees to Service Providers
10%
Grants
10%
Depreciation
10%
Other
4%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,860,892
$1,610,614
-13%
Government Grants
$75,611
$35,063
-54%
Fundraising Events
$0
$0
-
Program Services
$4,555,571
$4,511,695
-1%
Membership Dues
$0
$0
-
Investments
$672,270
$142,252
-79%
Other
-$16,738
$1,796,528
-10833%
Total Revenues
$7,147,606
$8,096,152
+13%
Expenses
2023
2024
Change
Grants
$1,125,537
$1,203,494
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,721,958
$6,318,286
-6%
Fees to Service Providers
$1,154,578
$1,243,853
+8%
Advertising & Promotion
$84,276
$36,725
-56%
Offices, Occupancy & IT
$1,901,327
$1,463,013
-23%
Interest
$117,195
$200,836
+71%
Depreciation
$1,061,713
$1,155,052
+9%
Other
$396,250
$441,425
+11%
Total Expenses
$12,562,834
$12,062,684
-4%
Net income
2023
2024
Change
Net income
-$5,415,228
-$3,966,532
+27%
Functional Expenses
Summary
2023
2024
Change
Program
$8,872,667
$8,046,156
-9%
Admin
$3,253,488
$3,631,419
+12%
Fundraising
$436,679
$385,109
-12%
Total Expenses
$12,562,834
$12,062,684
-4%
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