WINGATE UNIVERSITY
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2025
$178,345,647
Program Services
87%
Contributions
6%
Other
5%
Investments
2%
Fundraising Events
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2025
$176,088,784
Grants
49%
Salaries & Benefits
28%
Other
13%
Depreciation
4%
Offices, Occupancy & IT
3%
Interest
2%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$9,335,115
$10,556,872
+13%
Government Grants
$599,017
$87,631
-85%
Fundraising Events
$79,396
$94,800
+19%
Program Services
$145,518,262
$155,725,261
+7%
Membership Dues
$0
$0
-
Investments
$2,876,310
$3,100,422
+8%
Other
$5,829,357
$8,780,661
+51%
Total Revenues
$164,237,457
$178,345,647
+9%
Expenses
2024
2025
Change
Grants
$79,559,527
$86,203,286
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$50,160,262
$48,990,695
-2%
Fees to Service Providers
$465,983
$501,999
+8%
Advertising & Promotion
$20,400
$51,365
+152%
Offices, Occupancy & IT
$6,581,482
$6,076,830
-8%
Interest
$3,742,219
$3,720,383
-1%
Depreciation
$7,056,330
$7,069,965
+0%
Other
$23,351,484
$23,474,261
+1%
Total Expenses
$170,937,687
$176,088,784
+3%
Net income
2024
2025
Change
Net income
-$6,700,230
+$2,256,863
-134%
Functional Expenses
Summary
2024
2025
Change
Program
$134,389,374
$142,807,114
+6%
Admin
$34,454,885
$31,602,187
-8%
Fundraising
$2,093,428
$1,679,483
-20%
Total Expenses
$170,937,687
$176,088,784
+3%
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