WAKE FOREST UNIVERSITY
WAKE FOREST UNIVERSITY
WAKE FOREST UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$764,367,570
Program Services
73%
Contributions
13%
Other
8%
Investments
4%
Government Grants
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$705,687,576
Salaries & Benefits
48%
Grants
21%
Other
11%
Depreciation
8%
Fees to Service Providers
6%
Offices, Occupancy & IT
4%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$60,667,919
$96,662,812
+59%
Government Grants
$12,296,465
$14,971,775
+22%
Fundraising Events
$126,324
$26,613
-79%
Program Services
$541,023,038
$557,276,619
+3%
Membership Dues
$0
$0
-
Investments
$26,644,820
$32,159,265
+21%
Other
$46,101,624
$63,270,486
+37%
Total Revenues
$686,860,190
$764,367,570
+11%
Expenses
2023
2024
Change
Grants
$134,557,551
$148,801,543
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$311,342,799
$337,458,451
+8%
Fees to Service Providers
$38,809,705
$40,411,258
+4%
Advertising & Promotion
$4,164,240
$4,216,982
+1%
Offices, Occupancy & IT
$25,163,934
$25,161,891
0%
Interest
$20,108,027
$19,495,399
-3%
Depreciation
$51,762,730
$54,952,142
+6%
Other
$68,883,755
$75,189,910
+9%
Total Expenses
$654,792,741
$705,687,576
+8%
Net income
2023
2024
Change
Net income
+$32,067,449
+$58,679,994
+83%
Functional Expenses
Summary
2023
2024
Change
Program
$560,634,250
$603,838,878
+8%
Admin
$69,650,360
$76,119,059
+9%
Fundraising
$24,508,131
$25,729,639
+5%
Total Expenses
$654,792,741
$705,687,576
+8%
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