NORTH CAROLINA WESLEYAN COLLEGE INC
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2025
$48,471,791
Program Services
90%
Contributions
7%
Other
<1%
Investments
<1%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$52,315,614
Grants
37%
Salaries & Benefits
30%
Other
15%
Offices, Occupancy & IT
9%
Depreciation
4%
Fees to Service Providers
2%
Interest
2%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$3,812,669
$3,522,490
-8%
Government Grants
$596,735
$463,815
-22%
Fundraising Events
$1,174
$3,950
+236%
Program Services
$42,028,409
$43,524,665
+4%
Membership Dues
$0
$0
-
Investments
$307,450
$473,126
+54%
Other
$646,317
$483,745
-25%
Total Revenues
$47,392,754
$48,471,791
+2%
Expenses
2024
2025
Change
Grants
$18,810,863
$19,550,712
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,210,875
$15,703,824
+3%
Fees to Service Providers
$718,926
$1,075,350
+50%
Advertising & Promotion
$541,303
$579,981
+7%
Offices, Occupancy & IT
$4,872,532
$4,720,628
-3%
Interest
$554,791
$970,677
+75%
Depreciation
$2,145,141
$2,057,898
-4%
Other
$7,618,000
$7,656,544
+1%
Total Expenses
$50,472,431
$52,315,614
+4%
Net income
2024
2025
Change
Net income
-$3,079,677
-$3,843,823
-25%
Functional Expenses
Summary
2024
2025
Change
Program
$43,589,147
$45,141,431
+4%
Admin
$6,390,480
$6,766,536
+6%
Fundraising
$492,804
$407,647
-17%
Total Expenses
$50,472,431
$52,315,614
+4%
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