Biola University Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$250,177,314
Program Services
79%
Contributions
17%
Other
2%
Investments
2%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$241,846,104
Salaries & Benefits
46%
Grants
31%
Fees to Service Providers
7%
Other
5%
Depreciation
5%
Offices, Occupancy & IT
3%
Interest
2%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$26,193,811
$42,452,473
+62%
Government Grants
$1,888,720
$1,203,280
-36%
Fundraising Events
$0
$0
-
Program Services
$190,663,985
$197,179,389
+3%
Membership Dues
$0
$0
-
Investments
$3,705,489
$4,653,017
+26%
Other
$1,225,008
$4,689,155
+283%
Total Revenues
$223,677,013
$250,177,314
+12%
Expenses
2023
2024
Change
Grants
$70,073,431
$74,402,983
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$109,233,403
$111,264,254
+2%
Fees to Service Providers
$17,149,425
$17,411,976
+2%
Advertising & Promotion
$4,429,696
$2,872,503
-35%
Offices, Occupancy & IT
$9,611,615
$7,646,530
-20%
Interest
$3,324,580
$3,633,532
+9%
Depreciation
$11,207,848
$11,800,473
+5%
Other
$11,082,680
$12,813,853
+16%
Total Expenses
$236,112,678
$241,846,104
+2%
Net income
2023
2024
Change
Net income
-$12,435,665
+$8,331,210
-167%
Functional Expenses
Summary
2023
2024
Change
Program
$199,104,481
$201,366,312
+1%
Admin
$34,221,393
$37,168,607
+9%
Fundraising
$2,786,804
$3,311,185
+19%
Total Expenses
$236,112,678
$241,846,104
+2%
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