MOUNT SAINT MARY'S UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$158,240,809
Program Services
67%
Contributions
19%
Other
7%
Investments
4%
Government Grants
3%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$140,693,174
Salaries & Benefits
42%
Grants
30%
Offices, Occupancy & IT
12%
Fees to Service Providers
6%
Other
4%
Depreciation
4%
Advertising & Promotion
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,580,224
$29,596,850
+350%
Government Grants
$3,234,759
$4,749,650
+47%
Fundraising Events
$118,851
$1,106,960
+831%
Program Services
$99,306,659
$105,235,435
+6%
Membership Dues
$0
$0
-
Investments
$4,731,132
$5,921,365
+25%
Other
$3,787,971
$11,630,549
+207%
Total Revenues
$117,759,596
$158,240,809
+34%
Expenses
2023
2024
Change
Grants
$38,719,940
$41,746,864
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$58,258,355
$59,629,741
+2%
Fees to Service Providers
$7,525,429
$8,964,085
+19%
Advertising & Promotion
$1,963,358
$1,691,357
-14%
Offices, Occupancy & IT
$15,773,585
$16,332,654
+4%
Interest
$1,340,565
$1,175,197
-12%
Depreciation
$4,983,989
$5,069,023
+2%
Other
$9,300,337
$6,084,253
-35%
Total Expenses
$137,865,558
$140,693,174
+2%
Net income
2023
2024
Change
Net income
-$20,105,962
+$17,547,635
-187%
Functional Expenses
Summary
2023
2024
Change
Program
$115,013,210
$119,819,319
+4%
Admin
$20,821,075
$18,519,882
-11%
Fundraising
$2,031,273
$2,353,973
+16%
Total Expenses
$137,865,558
$140,693,174
+2%
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