This report presents revenue and expenditure data for accredited college-level institutions of higher education in the 50 states and the District of Columbia for fiscal years 1987-1995. Data is based on the Integrated Postsecondary Education Data System (IPEDS) Finance survey. Revenue data for both private and public institutions include source of revenue, such as tuition and fees, and state appropriations. Expenditure data cover instruction, research, and public service; there are separate schedules for salary and scholarship/grant data. Highlights of the report include the following: (1) in fiscal year 1995 the largest source of revenue for state institutions was state appropriations; tuition and fees were the second largest; (2) increases in both revenues and expenditures have outpaced inflation for both public and private institutions; (3) public institutions allocate approximately one-third of expenditures for instruction and 10 percent for research, while private institutions allocate about 27 percent of expenditures to instruction and less than 8 percent to research; (4) both public and private two-year institutions receive a higher percentage of revenue from tuition and fees than four-year institutions; and (5) distribution of expenditures for public four-year institutions does not appear to be a function of state location. Appended to the report are a glossary and a section on survey methodology. (CH)