PALO ALTO UNIVERSITY INC
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$41,139,243
Program Services
93%
Government Grants
3%
Contributions
2%
Investments
1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$40,925,184
Salaries & Benefits
65%
Other
15%
Offices, Occupancy & IT
9%
Fees to Service Providers
4%
Grants
3%
Depreciation
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$592,790
$638,231
+8%
Government Grants
$698,016
$1,380,813
+98%
Fundraising Events
$0
$0
-
Program Services
$36,373,594
$38,203,077
+5%
Membership Dues
$0
$0
-
Investments
$441,966
$583,194
+32%
Other
$383,561
$333,928
-13%
Total Revenues
$38,489,927
$41,139,243
+7%
Expenses
2023
2024
Change
Grants
$1,273,194
$1,373,283
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$24,213,471
$26,665,750
+10%
Fees to Service Providers
$2,284,909
$1,681,030
-26%
Advertising & Promotion
$342,031
$301,259
-12%
Offices, Occupancy & IT
$3,744,498
$3,879,555
+4%
Interest
$0
$0
-
Depreciation
$906,566
$887,241
-2%
Other
$6,259,904
$6,137,066
-2%
Total Expenses
$39,024,573
$40,925,184
+5%
Net income
2023
2024
Change
Net income
-$534,646
+$214,059
-140%
Functional Expenses
Summary
2023
2024
Change
Program
$29,184,550
$32,498,103
+11%
Admin
$9,575,504
$8,133,679
-15%
Fundraising
$264,519
$293,402
+11%
Total Expenses
$39,024,573
$40,925,184
+5%
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