THE UNIVERSITY CORPORATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$50,736,157
Program Services
96%
Investments
3%
Other
1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$47,373,441
Salaries & Benefits
50%
Other
22%
Grants
16%
Depreciation
4%
Fees to Service Providers
4%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$47,398,238
$48,832,188
+3%
Membership Dues
$0
$0
-
Investments
$930,884
$1,313,452
+41%
Other
-$1,283,183
$590,517
-146%
Total Revenues
$47,045,939
$50,736,157
+8%
Expenses
2023
2024
Change
Grants
$7,631,196
$7,394,576
-3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$21,478,405
$23,917,664
+11%
Fees to Service Providers
$1,298,513
$1,806,113
+39%
Advertising & Promotion
$131,743
$198,387
+51%
Offices, Occupancy & IT
$1,370,562
$1,469,042
+7%
Interest
$167,025
$139,840
-16%
Depreciation
$1,888,628
$1,874,854
-1%
Other
$11,667,816
$10,572,965
-9%
Total Expenses
$45,633,888
$47,373,441
+4%
Net income
2023
2024
Change
Net income
+$1,412,051
+$3,362,716
+138%
Functional Expenses
Summary
2023
2024
Change
Program
$42,193,781
$43,507,837
+3%
Admin
$3,440,107
$3,865,604
+12%
Fundraising
$0
$0
-
Total Expenses
$45,633,888
$47,373,441
+4%
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