Harvey Mudd College
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$120,148,671
Program Services
70%
Other
12%
Contributions
10%
Investments
6%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$111,257,604
Salaries & Benefits
45%
Grants
20%
Other
15%
Offices, Occupancy & IT
8%
Depreciation
6%
Fees to Service Providers
4%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$19,090,656
$12,486,682
-35%
Government Grants
$2,918,232
$983,248
-66%
Fundraising Events
$0
$0
-
Program Services
$78,547,577
$84,094,395
+7%
Membership Dues
$0
$0
-
Investments
$7,059,433
$7,807,837
+11%
Other
$14,397,531
$14,776,509
+3%
Total Revenues
$122,013,429
$120,148,671
-2%
Expenses
2023
2024
Change
Grants
$21,577,266
$22,451,494
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$47,682,547
$49,880,673
+5%
Fees to Service Providers
$4,640,763
$4,565,128
-2%
Advertising & Promotion
$334,736
$544,241
+63%
Offices, Occupancy & IT
$10,049,089
$9,416,300
-6%
Interest
$1,955,432
$1,852,094
-5%
Depreciation
$5,868,224
$6,130,203
+4%
Other
$15,153,078
$16,417,471
+8%
Total Expenses
$107,261,135
$111,257,604
+4%
Net income
2023
2024
Change
Net income
+$14,752,294
+$8,891,067
-40%
Functional Expenses
Summary
2023
2024
Change
Program
$93,367,515
$96,125,691
+3%
Admin
$9,385,269
$9,893,023
+5%
Fundraising
$4,508,351
$5,238,890
+16%
Total Expenses
$107,261,135
$111,257,604
+4%
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