AMERICAN UNIVERSITY OF ARMENIA CORPORATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$39,080,470
Contributions
88%
Other
5%
Investments
3%
Fundraising Events
1%
Government Grants
1%
Program Services
<1%
Membership Dues
0%
Expenses in 2024
$9,066,089
Grants
66%
Salaries & Benefits
13%
Other
11%
Depreciation
7%
Offices, Occupancy & IT
2%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,884,362
$34,463,866
+606%
Government Grants
$409,057
$571,314
+40%
Fundraising Events
$1,498,775
$578,188
-61%
Program Services
$26,921
$354,756
+1218%
Membership Dues
$0
$0
-
Investments
$1,339,266
$1,219,485
-9%
Other
$2,191,828
$1,892,861
-14%
Total Revenues
$10,350,209
$39,080,470
+278%
Expenses
2023
2024
Change
Grants
$4,433,135
$5,941,371
+34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,301,998
$1,202,573
-8%
Fees to Service Providers
$81,762
$111,090
+36%
Advertising & Promotion
$23,214
$18,325
-21%
Offices, Occupancy & IT
$200,971
$147,400
-27%
Interest
$0
$0
-
Depreciation
$662,484
$672,387
+1%
Other
$1,711,614
$972,943
-43%
Total Expenses
$8,415,178
$9,066,089
+8%
Net income
2023
2024
Change
Net income
+$1,935,031
+$30,014,381
+1451%
Functional Expenses
Summary
2023
2024
Change
Program
$5,838,846
$7,451,045
+28%
Admin
$1,945,911
$900,588
-54%
Fundraising
$630,421
$714,456
+13%
Total Expenses
$8,415,178
$9,066,089
+8%
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