THOMAS AQUINAS COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$37,182,598
Program Services
56%
Contributions
40%
Other
2%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$41,124,135
Salaries & Benefits
51%
Other
14%
Grants
12%
Depreciation
10%
Offices, Occupancy & IT
9%
Fees to Service Providers
3%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$16,063,696
$14,880,918
-7%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$18,623,983
$20,892,738
+12%
Membership Dues
$0
$0
-
Investments
$655,162
$630,725
-4%
Other
$726,393
$778,217
+7%
Total Revenues
$36,069,234
$37,182,598
+3%
Expenses
2023
2024
Change
Grants
$3,970,829
$4,801,208
+21%
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,319,232
$20,813,527
+2%
Fees to Service Providers
$2,716,339
$1,378,058
-49%
Advertising & Promotion
$129,619
$88,994
-31%
Offices, Occupancy & IT
$3,257,279
$3,525,247
+8%
Interest
$404,007
$561,394
+39%
Depreciation
$3,934,806
$3,997,276
+2%
Other
$5,973,117
$5,958,431
0%
Total Expenses
$40,705,228
$41,124,135
+1%
Net income
2023
2024
Change
Net income
-$4,635,994
-$3,941,537
+15%
Functional Expenses
Summary
2023
2024
Change
Program
$34,760,784
$35,137,551
+1%
Admin
$4,842,667
$4,880,959
+1%
Fundraising
$1,101,777
$1,105,625
+0%
Total Expenses
$40,705,228
$41,124,135
+1%
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