Wilmington College
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$37,824,972
Program Services
90%
Contributions
7%
Investments
2%
Government Grants
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$45,253,931
Grants
32%
Salaries & Benefits
32%
Other
14%
Offices, Occupancy & IT
8%
Fees to Service Providers
8%
Depreciation
4%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,659,414
$2,483,113
-7%
Government Grants
$899,523
$277,086
-69%
Fundraising Events
$0
$0
-
Program Services
$34,430,367
$34,069,245
-1%
Membership Dues
$0
$0
-
Investments
$1,347,259
$908,425
-33%
Other
-$1,456,083
$87,103
-106%
Total Revenues
$37,880,480
$37,824,972
0%
Expenses
2023
2024
Change
Grants
$14,850,948
$14,542,878
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,370,938
$14,355,465
0%
Fees to Service Providers
$2,564,168
$3,705,987
+45%
Advertising & Promotion
$238,887
$248,225
+4%
Offices, Occupancy & IT
$3,672,677
$3,785,655
+3%
Interest
$703,460
$515,906
-27%
Depreciation
$2,201,810
$1,655,011
-25%
Other
$5,602,392
$6,444,804
+15%
Total Expenses
$44,205,280
$45,253,931
+2%
Net income
2023
2024
Change
Net income
-$6,324,800
-$7,428,959
-17%
Functional Expenses
Summary
2023
2024
Change
Program
$37,840,957
$40,389,957
+7%
Admin
$4,118,282
$3,324,060
-19%
Fundraising
$2,246,041
$1,539,914
-31%
Total Expenses
$44,205,280
$45,253,931
+2%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)