KENTUCKY WESLEYAN COLLEGE
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$33,738,113
Program Services
84%
Contributions
8%
Other
4%
Investments
3%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$35,821,183
Grants
38%
Salaries & Benefits
28%
Other
16%
Offices, Occupancy & IT
9%
Depreciation
4%
Fees to Service Providers
2%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,645,651
$2,715,748
-26%
Government Grants
$260,746
$233,285
-11%
Fundraising Events
$0
$0
-
Program Services
$25,774,462
$28,292,208
+10%
Membership Dues
$0
$0
-
Investments
$930,629
$997,174
+7%
Other
$669,190
$1,499,698
+124%
Total Revenues
$31,280,678
$33,738,113
+8%
Expenses
2023
2024
Change
Grants
$11,879,990
$13,670,724
+15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,207,745
$10,198,031
0%
Fees to Service Providers
$504,975
$709,356
+40%
Advertising & Promotion
$118,252
$144,384
+22%
Offices, Occupancy & IT
$3,188,368
$3,242,821
+2%
Interest
$650,459
$683,408
+5%
Depreciation
$1,066,371
$1,355,382
+27%
Other
$5,477,765
$5,817,077
+6%
Total Expenses
$33,093,925
$35,821,183
+8%
Net income
2023
2024
Change
Net income
-$1,813,247
-$2,083,070
-15%
Functional Expenses
Summary
2023
2024
Change
Program
$27,606,816
$29,990,010
+9%
Admin
$4,827,464
$5,056,150
+5%
Fundraising
$659,645
$775,023
+17%
Total Expenses
$33,093,925
$35,821,183
+8%
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