BALDWIN WALLACE UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$162,872,834
Program Services
75%
Other
16%
Contributions
6%
Government Grants
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$170,875,376
Salaries & Benefits
43%
Grants
34%
Offices, Occupancy & IT
9%
Depreciation
6%
Other
5%
Fees to Service Providers
2%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,255,211
$10,212,542
0%
Government Grants
$1,868,422
$3,016,489
+61%
Fundraising Events
$0
$0
-
Program Services
$114,346,319
$121,581,111
+6%
Membership Dues
$0
$0
-
Investments
$587,069
$1,413,234
+141%
Other
$19,911,293
$26,649,458
+34%
Total Revenues
$146,968,314
$162,872,834
+11%
Expenses
2023
2024
Change
Grants
$54,960,926
$57,345,880
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$70,804,117
$73,391,426
+4%
Fees to Service Providers
$1,504,752
$3,146,276
+109%
Advertising & Promotion
$852,797
$690,946
-19%
Offices, Occupancy & IT
$13,349,729
$15,401,356
+15%
Interest
$2,013,875
$2,005,019
0%
Depreciation
$11,210,569
$10,654,586
-5%
Other
$8,528,705
$8,239,887
-3%
Total Expenses
$163,225,470
$170,875,376
+5%
Net income
2023
2024
Change
Net income
-$16,257,156
-$8,002,542
+51%
Functional Expenses
Summary
2023
2024
Change
Program
$145,652,732
$148,070,102
+2%
Admin
$15,022,201
$18,533,876
+23%
Fundraising
$2,550,537
$4,271,398
+67%
Total Expenses
$163,225,470
$170,875,376
+5%
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