BOARD OF TRUSTEES OF WHITMAN COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$169,289,094
Program Services
64%
Contributions
17%
Other
9%
Investments
9%
Government Grants
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$170,171,725
Salaries & Benefits
34%
Grants
28%
Fees to Service Providers
20%
Other
8%
Depreciation
5%
Offices, Occupancy & IT
3%
Interest
1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$24,080,735
$28,368,338
+18%
Government Grants
$788,254
$2,692,417
+242%
Fundraising Events
$0
$0
-
Program Services
$98,708,514
$107,622,875
+9%
Membership Dues
$0
$0
-
Investments
$9,313,065
$15,220,233
+63%
Other
$31,042,404
$15,385,231
-50%
Total Revenues
$163,932,972
$169,289,094
+3%
Expenses
2023
2024
Change
Grants
$41,505,390
$48,081,812
+16%
Benefits to Members
$0
$0
-
Salaries & Benefits
$54,234,150
$57,870,385
+7%
Fees to Service Providers
$33,083,967
$34,757,414
+5%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$4,978,778
$5,328,101
+7%
Interest
$2,330,893
$2,100,641
-10%
Depreciation
$8,221,181
$8,144,926
-1%
Other
$11,208,534
$13,888,446
+24%
Total Expenses
$155,562,893
$170,171,725
+9%
Net income
2023
2024
Change
Net income
+$8,370,079
-$882,631
-111%
Functional Expenses
Summary
2023
2024
Change
Program
$122,283,117
$136,128,247
+11%
Admin
$29,085,690
$29,466,309
+1%
Fundraising
$4,194,086
$4,577,169
+9%
Total Expenses
$155,562,893
$170,171,725
+9%
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