WESTMONT COLLEGE
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$124,041,984
Program Services
71%
Contributions
25%
Investments
3%
Other
1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$117,160,875
Salaries & Benefits
35%
Grants
34%
Other
12%
Fees to Service Providers
8%
Depreciation
6%
Interest
2%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$17,107,487
$30,985,495
+81%
Government Grants
$1,934,347
$330,466
-83%
Fundraising Events
$0
$0
-
Program Services
$83,708,666
$87,809,188
+5%
Membership Dues
$0
$0
-
Investments
$4,270,933
$3,612,060
-15%
Other
-$532,595
$1,304,775
-345%
Total Revenues
$106,488,838
$124,041,984
+16%
Expenses
2023
2024
Change
Grants
$38,466,719
$40,255,873
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$39,095,724
$40,823,924
+4%
Fees to Service Providers
$11,229,427
$9,257,328
-18%
Advertising & Promotion
$476,983
$347,875
-27%
Offices, Occupancy & IT
$2,660,543
$2,579,169
-3%
Interest
$2,083,449
$2,798,998
+34%
Depreciation
$6,498,876
$6,721,798
+3%
Other
$13,492,141
$14,375,910
+7%
Total Expenses
$114,003,862
$117,160,875
+3%
Net income
2023
2024
Change
Net income
-$7,515,024
+$6,881,109
-192%
Functional Expenses
Summary
2023
2024
Change
Program
$97,847,295
$101,516,816
+4%
Admin
$13,219,407
$12,730,618
-4%
Fundraising
$2,937,160
$2,913,441
-1%
Total Expenses
$114,003,862
$117,160,875
+3%
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