UNIVERSITY OF REDLANDS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$199,788,121
Program Services
80%
Contributions
6%
Government Grants
6%
Investments
5%
Other
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$196,655,663
Grants
37%
Salaries & Benefits
32%
Other
10%
Offices, Occupancy & IT
8%
Depreciation
6%
Fees to Service Providers
3%
Advertising & Promotion
3%
Interest
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,603,821
$12,851,608
+21%
Government Grants
$218,718
$11,767,354
+5280%
Fundraising Events
$0
$0
-
Program Services
$164,307,437
$159,547,993
-3%
Membership Dues
$0
$0
-
Investments
$8,724,841
$9,715,028
+11%
Other
-$1,110,245
$5,906,138
-632%
Total Revenues
$182,744,572
$199,788,121
+9%
Expenses
2023
2024
Change
Grants
$69,900,939
$73,173,143
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$71,987,108
$62,716,603
-13%
Fees to Service Providers
$5,653,042
$6,725,441
+19%
Advertising & Promotion
$4,609,270
$5,060,027
+10%
Offices, Occupancy & IT
$16,512,134
$15,296,654
-7%
Interest
$3,111,133
$3,274,255
+5%
Depreciation
$10,374,832
$11,362,649
+10%
Other
$20,825,619
$19,046,891
-9%
Total Expenses
$202,974,077
$196,655,663
-3%
Net income
2023
2024
Change
Net income
-$20,229,505
+$3,132,458
-115%
Functional Expenses
Summary
2023
2024
Change
Program
$164,541,084
$159,932,439
-3%
Admin
$36,163,712
$33,909,422
-6%
Fundraising
$2,269,281
$2,813,802
+24%
Total Expenses
$202,974,077
$196,655,663
-3%
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