WILLIAM PENN UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$51,277,637
Program Services
84%
Contributions
11%
Other
3%
Investments
1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$51,517,863
Grants
43%
Salaries & Benefits
24%
Other
17%
Offices, Occupancy & IT
8%
Depreciation
4%
Interest
3%
Fees to Service Providers
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$6,946,816
$5,796,378
-17%
Government Grants
$3,732,766
$319,801
-91%
Fundraising Events
$0
$0
-
Program Services
$40,314,319
$43,091,903
+7%
Membership Dues
$0
$0
-
Investments
$125,016
$535,665
+328%
Other
$549,388
$1,533,890
+179%
Total Revenues
$51,668,305
$51,277,637
-1%
Expenses
2023
2024
Change
Grants
$21,011,395
$22,160,852
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,844,840
$12,408,746
+5%
Fees to Service Providers
$811,687
$491,665
-39%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$3,645,381
$4,022,680
+10%
Interest
$1,550,597
$1,651,956
+7%
Depreciation
$2,089,486
$2,260,063
+8%
Other
$7,378,490
$8,521,901
+15%
Total Expenses
$48,331,876
$51,517,863
+7%
Net income
2023
2024
Change
Net income
+$3,336,429
-$240,226
-107%
Functional Expenses
Summary
2023
2024
Change
Program
$43,400,208
$47,202,600
+9%
Admin
$4,342,337
$3,975,172
-8%
Fundraising
$589,331
$340,091
-42%
Total Expenses
$48,331,876
$51,517,863
+7%
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