WASHINGTON AND LEE UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$284,783,302
Program Services
60%
Contributions
21%
Other
18%
Government Grants
1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$296,996,460
Salaries & Benefits
44%
Grants
25%
Other
11%
Depreciation
7%
Offices, Occupancy & IT
5%
Fees to Service Providers
5%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$63,454,050
$59,904,922
-6%
Government Grants
$1,260,984
$3,476,538
+176%
Fundraising Events
$0
$0
-
Program Services
$160,267,418
$169,776,574
+6%
Membership Dues
$0
$0
-
Investments
$595,122
$649,803
+9%
Other
$51,032,295
$50,975,465
0%
Total Revenues
$276,609,869
$284,783,302
+3%
Expenses
2023
2024
Change
Grants
$64,982,065
$73,433,850
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$124,860,528
$129,821,364
+4%
Fees to Service Providers
$16,285,996
$15,413,637
-5%
Advertising & Promotion
$160,182
$162,138
+1%
Offices, Occupancy & IT
$14,359,222
$16,312,694
+14%
Interest
$7,051,405
$8,193,822
+16%
Depreciation
$21,508,065
$21,403,910
0%
Other
$27,632,853
$32,255,045
+17%
Total Expenses
$276,840,316
$296,996,460
+7%
Net income
2023
2024
Change
Net income
-$230,447
-$12,213,158
-5200%
Functional Expenses
Summary
2023
2024
Change
Program
$195,240,865
$209,025,794
+7%
Admin
$76,558,546
$81,512,942
+6%
Fundraising
$5,040,905
$6,457,724
+28%
Total Expenses
$276,840,316
$296,996,460
+7%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)