Financial Review

Harvey Mudd continues to maintain positive operating results, which demonstrates the College’s strong budgetary measures to meet institutional goals. Endowment returns for the past fiscal year increased due to positive performance results from underlying investment asset classes. The College’s administration and trustees will continue to strengthen financial resources while monitoring the changing economic and political landscapes both domestically and globally. The past fiscal year has seen exciting new additions to Mudd’s leadership, faculty and staff, and with continued support from community members, positive financial outlooks are projected in the coming years.

Endowment Market Value

(In thousands)

Statement of Activities

Revenue

Category	2024	2023
Tuition, fees, room and board	$78,127	$73,762
Less financial aid	($22,451)	($21,577)
Net student revenues	$55,676	$52,185
Federal grants	$4,565	$5,142
Private gifts and grants	$12,487	$19,091
Private contracts	$1,639	$1,729
Endowment payout	$17,531	$16,561
Other revenue	$3,437	$2,262
Total Revenue	$95,335	$96,970

Expenses

Category	2024	2023
Instruction	$34,548	$34,142
Research	$4,627	$4,366
Public service	$855	$785
Academic support	$7,914	$7,703
Students services	$10,008	$9,591
Institutional support	$15,369	$14,566
Auxiliary enterprises	$13,352	$12,993
Total Expenses	$86,673	$84,146

Total Expenses	$86,673	$84,146
Excess revenue over expenses	$8,662	$12,824
Polled investment gains (losses), net of endowment payout	$33,336	$1,835
Other changes in net assets	($131)	$471
Change in net assets	$41,867	$15,130