The George Washington University
The George Washington University
The George Washington University
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,912,174,697
Program Services
88%
Other
6%
Contributions
3%
Investments
1%
Government Grants
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$1,871,220,964
Salaries & Benefits
43%
Grants
25%
Fees to Service Providers
12%
Offices, Occupancy & IT
7%
Depreciation
5%
Interest
4%
Other
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$88,691,406
$51,936,027
-41%
Government Grants
$10,870,962
$22,023,639
+103%
Fundraising Events
$69,035
$42,986
-38%
Program Services
$1,569,019,116
$1,688,907,820
+8%
Membership Dues
$0
$0
-
Investments
$23,133,531
$28,261,730
+22%
Other
$111,227,026
$121,002,495
+9%
Total Revenues
$1,803,011,076
$1,912,174,697
+6%
Expenses
2023
2024
Change
Grants
$440,472,105
$475,082,812
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$748,609,450
$798,203,835
+7%
Fees to Service Providers
$196,570,501
$216,928,752
+10%
Advertising & Promotion
$6,400,306
$7,485,678
+17%
Offices, Occupancy & IT
$114,660,109
$129,218,738
+13%
Interest
$78,593,431
$80,269,334
+2%
Depreciation
$90,397,942
$92,181,049
+2%
Other
$73,372,187
$71,850,766
-2%
Total Expenses
$1,749,076,031
$1,871,220,964
+7%
Net income
2023
2024
Change
Net income
+$53,935,045
+$40,953,733
-24%
Functional Expenses
Summary
2023
2024
Change
Program
$1,584,801,687
$1,703,313,632
+7%
Admin
$144,751,067
$145,432,896
+0%
Fundraising
$19,523,277
$22,474,436
+15%
Total Expenses
$1,749,076,031
$1,871,220,964
+7%
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