WARTBURG COLLEGE
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$108,559,015
Program Services
83%
Contributions
13%
Investments
3%
Other
<1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$106,151,244
Grants
45%
Salaries & Benefits
28%
Other
11%
Depreciation
5%
Offices, Occupancy & IT
5%
Interest
3%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,708,768
$13,777,059
+193%
Government Grants
$454,249
$476,933
+5%
Fundraising Events
$0
$0
-
Program Services
$83,927,281
$90,636,684
+8%
Membership Dues
$0
$0
-
Investments
$2,556,495
$2,767,353
+8%
Other
$991,635
$900,986
-9%
Total Revenues
$92,638,428
$108,559,015
+17%
Expenses
2023
2024
Change
Grants
$42,991,468
$47,919,970
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$28,518,255
$29,495,221
+3%
Fees to Service Providers
$2,193,047
$2,458,862
+12%
Advertising & Promotion
$428,869
$532,310
+24%
Offices, Occupancy & IT
$5,151,534
$4,992,217
-3%
Interest
$3,526,687
$3,419,686
-3%
Depreciation
$5,064,457
$5,722,237
+13%
Other
$11,446,859
$11,610,741
+1%
Total Expenses
$99,321,176
$106,151,244
+7%
Net income
2023
2024
Change
Net income
-$6,682,748
+$2,407,771
-136%
Functional Expenses
Summary
2023
2024
Change
Program
$84,003,954
$90,386,284
+8%
Admin
$13,681,019
$14,169,285
+4%
Fundraising
$1,636,203
$1,595,675
-2%
Total Expenses
$99,321,176
$106,151,244
+7%
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