Point Loma Nazarene University
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$187,333,231
Program Services
94%
Contributions
4%
Investments
2%
Government Grants
<1%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$182,120,635
Salaries & Benefits
45%
Grants
24%
Offices, Occupancy & IT
11%
Other
9%
Fees to Service Providers
4%
Depreciation
4%
Advertising & Promotion
2%
Interest
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,672,771
$6,918,229
-35%
Government Grants
$443,176
$686,779
+55%
Fundraising Events
$24,671
$32,438
+31%
Program Services
$164,213,981
$175,983,576
+7%
Membership Dues
$0
$0
-
Investments
$2,341,696
$3,370,184
+44%
Other
$292,461
$342,025
+17%
Total Revenues
$177,988,756
$187,333,231
+5%
Expenses
2023
2024
Change
Grants
$48,889,157
$43,339,548
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$73,430,600
$81,582,524
+11%
Fees to Service Providers
$6,419,060
$7,691,297
+20%
Advertising & Promotion
$2,429,037
$3,284,616
+35%
Offices, Occupancy & IT
$16,763,343
$20,452,467
+22%
Interest
$1,758,063
$1,925,821
+10%
Depreciation
$7,613,261
$7,469,324
-2%
Other
$16,043,711
$16,375,038
+2%
Total Expenses
$173,346,232
$182,120,635
+5%
Net income
2023
2024
Change
Net income
+$4,642,524
+$5,212,596
+12%
Functional Expenses
Summary
2023
2024
Change
Program
$131,613,627
$132,931,831
+1%
Admin
$39,934,083
$47,349,238
+19%
Fundraising
$1,798,522
$1,839,566
+2%
Total Expenses
$173,346,232
$182,120,635
+5%
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