WELLESLEY COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$379,067,279
Program Services
51%
Other
25%
Contributions
15%
Investments
7%
Government Grants
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$361,700,590
Salaries & Benefits
41%
Grants
22%
Other
11%
Fees to Service Providers
9%
Depreciation
8%
Interest
4%
Offices, Occupancy & IT
4%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$39,795,191
$55,763,294
+40%
Government Grants
$5,923,232
$6,216,461
+5%
Fundraising Events
$0
$0
-
Program Services
$187,033,270
$192,485,812
+3%
Membership Dues
$0
$0
-
Investments
$21,372,571
$28,380,813
+33%
Other
$131,445,567
$96,220,899
-27%
Total Revenues
$385,569,831
$379,067,279
-2%
Expenses
2023
2024
Change
Grants
$76,983,234
$79,019,986
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$145,369,352
$147,753,441
+2%
Fees to Service Providers
$23,661,852
$33,347,539
+41%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$15,228,407
$15,316,671
+1%
Interest
$15,897,290
$16,147,785
+2%
Depreciation
$27,785,803
$29,940,876
+8%
Other
$35,805,066
$40,174,292
+12%
Total Expenses
$340,731,004
$361,700,590
+6%
Net income
2023
2024
Change
Net income
+$44,838,827
+$17,366,689
-61%
Functional Expenses
Summary
2023
2024
Change
Program
$267,443,816
$277,907,184
+4%
Admin
$65,785,344
$75,563,174
+15%
Fundraising
$7,501,844
$8,230,232
+10%
Total Expenses
$340,731,004
$361,700,590
+6%
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