WORCESTER POLYTECHNIC INSTITUTE
Income Statement
Fiscal Year Start:
Jul 1
Data visualization unavailable
Revenues in 2024
$490,769,899
Program Services
N/A
Contributions
N/A
Investments
N/A
Government Grants
N/A
Fundraising Events
N/A
Membership Dues
N/A
Expenses in 2024
$505,318,915
Salaries & Benefits
41%
Grants
31%
Other
9%
Depreciation
7%
Offices, Occupancy & IT
5%
Fees to Service Providers
5%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$21,570,174
$23,282,069
+8%
Government Grants
$1,500,000
$2,000,000
+33%
Fundraising Events
$0
$0
-
Program Services
$425,741,934
$454,614,577
+7%
Membership Dues
$0
$0
-
Investments
$13,565,803
$11,115,822
-18%
Other
$294,270
-$242,569
-182%
Total Revenues
$462,672,181
$490,769,899
+6%
Expenses
2023
2024
Change
Grants
$137,912,773
$154,356,495
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$192,387,811
$205,768,366
+7%
Fees to Service Providers
$23,874,948
$23,443,428
-2%
Advertising & Promotion
$2,166,816
$2,633,091
+22%
Offices, Occupancy & IT
$25,054,026
$24,302,802
-3%
Interest
$14,943,087
$10,563,524
-29%
Depreciation
$36,634,334
$36,640,303
+0%
Other
$50,049,615
$47,610,906
-5%
Total Expenses
$483,023,410
$505,318,915
+5%
Net income
2023
2024
Change
Net income
-$20,351,229
-$14,549,016
+29%
Functional Expenses
Summary
2023
2024
Change
Program
$395,440,761
$418,185,665
+6%
Admin
$78,985,577
$77,975,730
-1%
Fundraising
$8,597,072
$9,157,520
+7%
Total Expenses
$483,023,410
$505,318,915
+5%
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