WASHINGTON COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$154,192,682
Contributions
51%
Program Services
38%
Government Grants
4%
Investments
4%
Other
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$112,294,656
Salaries & Benefits
34%
Grants
27%
Other
13%
Fees to Service Providers
11%
Depreciation
8%
Offices, Occupancy & IT
3%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$11,129,728
$78,622,961
+606%
Government Grants
$6,542,358
$6,763,317
+3%
Fundraising Events
$22,672
$16,731
-26%
Program Services
$60,129,111
$59,014,658
-2%
Membership Dues
$0
$0
-
Investments
$182,682
$6,246,002
+3319%
Other
$16,376,012
$3,529,013
-78%
Total Revenues
$94,382,563
$154,192,682
+63%
Expenses
2023
2024
Change
Grants
$30,603,110
$30,251,019
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$34,267,592
$38,496,999
+12%
Fees to Service Providers
$9,313,164
$12,238,532
+31%
Advertising & Promotion
$173,523
$435,695
+151%
Offices, Occupancy & IT
$4,940,055
$3,893,789
-21%
Interest
$1,960,609
$3,783,006
+93%
Depreciation
$8,688,267
$8,962,490
+3%
Other
$11,471,100
$14,233,126
+24%
Total Expenses
$101,417,420
$112,294,656
+11%
Net income
2023
2024
Change
Net income
-$7,034,857
+$41,898,026
-696%
Functional Expenses
Summary
2023
2024
Change
Program
$83,477,257
$90,982,851
+9%
Admin
$16,162,012
$18,732,835
+16%
Fundraising
$1,778,151
$2,578,970
+45%
Total Expenses
$101,417,420
$112,294,656
+11%
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