INDIANA WESLEYAN UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$269,090,976
Program Services
78%
Contributions
15%
Investments
5%
Government Grants
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$223,084,044
Salaries & Benefits
45%
Grants
17%
Advertising & Promotion
11%
Offices, Occupancy & IT
10%
Other
8%
Depreciation
6%
Fees to Service Providers
3%
Interest
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$10,261,490
$40,284,170
+293%
Government Grants
$3,090,403
$4,447,796
+44%
Fundraising Events
$34,200
$0
-100%
Program Services
$197,491,436
$209,483,591
+6%
Membership Dues
$0
$0
-
Investments
$11,430,143
$12,774,037
+12%
Other
$3,741,384
$2,101,382
-44%
Total Revenues
$226,049,056
$269,090,976
+19%
Expenses
2024
2025
Change
Grants
$34,180,022
$38,011,312
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$92,397,029
$100,147,920
+8%
Fees to Service Providers
$4,642,421
$6,307,789
+36%
Advertising & Promotion
$20,981,624
$23,933,235
+14%
Offices, Occupancy & IT
$21,522,466
$22,008,457
+2%
Interest
$608,995
$691,144
+13%
Depreciation
$13,782,272
$13,560,967
-2%
Other
$24,902,842
$18,423,220
-26%
Total Expenses
$213,017,671
$223,084,044
+5%
Net income
2024
2025
Change
Net income
+$13,031,385
+$46,006,932
+253%
Functional Expenses
Summary
2024
2025
Change
Program
$190,169,830
$197,437,231
+4%
Admin
$20,357,261
$22,982,144
+13%
Fundraising
$2,490,580
$2,664,669
+7%
Total Expenses
$213,017,671
$223,084,044
+5%
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