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Financial Overview. Summarized financial information for the year ended June 30, 2024. The University ended fiscal year 2024 with an operating surplus of $45 million compared to $186 million in fiscal year 2023, on an operating revenue base of $6.5 billion.
Harvard University's Financial Results for Fiscal 2024.
FINANCIAL OVERVIEW The University ended scal year 2022 with an operating surplus of $406 million compared to $283 million in scal year 2021. The result marks the ˜rst time that revenue and expenses have exceeded pre-pandemic levels. While on-campus activities and programming revitalized revenue with more
Salaries and wages increased by 10% or $215 million, to $2.4 billion. This growth stemmed from wage increases, as well as an investment in new faculty and staf across campus. These new positions were the result of both filling open positions as well as targeted growth in key initiatives.
FINANCIAL OVERVIEW. The University ended fiscal year 2021 with an operating surplus of $283 million compared to a $10 million deficit in fiscal year 2020. Our positive results are due to generous contributions and a disciplined focus on financial management.
In fiscal year 2020, total operating revenue decreased 3% or $138 million to $5.4 billion. As a result of the COVID-19 pandemic, Harvard experienced significant revenue declines, including the cancellation of executive education programs, board and lodging refunds, as well as slowdowns in other campus activities including research.
FINANCIAL OVERVIEW The University ended fiscal year 2024 with an operating surplus of $45 million compared to $186 million in fiscal year 2023, on an operating revenue base of $6.5 billion. Revenue grew an impressive 6% or $375 million but was outpaced by expense growth of 9% or $515 million, reflecting continued investments
We write to report on the University’s financial position and results for the fiscal year ended June 30, 2013. The current year deficit of approximately $34 million is
financial overview • The continuing pressure on the federal budget, which once again can be seen in this year’s 5% decline in the University’s federal sponsored revenue; • Ongoing stagnation in median household income growth, coupled with the University’s industry – leading financial aid program – both of which put
FINANCIAL OVERVIEW The University ended scal year 2022 with an operating surplus of $406 million compared to $283 million in scal year 2021. The result marks the ˜rst time that revenue and expenses have exceeded pre-pandemic levels. While on-campus activities and programming revitalized revenue with more