WESTERN GOVERNORS UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$264,706,475
Program Services
89%
Investments
8%
Other
3%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$272,803,792
Salaries & Benefits
59%
Offices, Occupancy & IT
19%
Fees to Service Providers
8%
Other
8%
Depreciation
5%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,623,331
$503,776
-81%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$640,181,833
$235,123,802
-63%
Membership Dues
$0
$0
-
Investments
$9,999,788
$20,748,430
+107%
Other
$29,329,000
$8,330,467
-72%
Total Revenues
$682,133,952
$264,706,475
-61%
Expenses
2023
2024
Change
Grants
$12,811,215
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$386,148,987
$160,394,121
-58%
Fees to Service Providers
$112,641,855
$22,980,144
-80%
Advertising & Promotion
$85,874,049
$2,284,053
-97%
Offices, Occupancy & IT
$34,652,855
$52,346,429
+51%
Interest
$0
$0
-
Depreciation
$11,371,705
$13,398,598
+18%
Other
$49,640,089
$21,400,447
-57%
Total Expenses
$693,140,755
$272,803,792
-61%
Net income
2023
2024
Change
Net income
-$11,006,803
-$8,097,317
+26%
Functional Expenses
Summary
2023
2024
Change
Program
$632,399,893
$243,064,538
-62%
Admin
$58,655,469
$25,714,685
-56%
Fundraising
$2,085,393
$4,024,569
+93%
Total Expenses
$693,140,755
$272,803,792
-61%
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