IW investments declined as expenses rose from 2023 to 2025
Total spent on salaries and professional services increased over the two-year period.
Investments at IW have declined since 2023 showing four trend lines from 2022 to 2025. Total expenses rose from roughly $11 million to $18 million. Salaries and benefits grew from about $5 million to $8 million. Professional services rose steadily from about $800,000 to over $3 million. Disbursements to founders peaked around $6.7 million in 2023 and declined to roughly $4.7 million by 2025, crossing below salaries as the second-largest expense.