This report presents revenue and expenditure data for U.S. higher education institutions in the 50 states and the District of Columbia for fiscal year l996 (FY 1996). Higher education institutions are defined as postsecondary institutions, granting associate or higher degrees, eligible for Title IV federal financial aid programs. Data is based on the Integrated Postsecondary Education Data System Finance survey, with revenue data organized by source of revenue and expenditure data by purpose of expenditure. There are separate schedules for salary and scholarship/grant data. A summary of findings includes the following: (1) The largest source of public institution revenue in FY96 was state appropriations; (2) expenditures for public and private nonprofit institutions are related to the level of institution, with two-year institutions allocating a higher percentage of expenditures to instruction than their four-year counterparts; (3) salaries and wages comprised between 47 and 62 percent of expenditures, with two-year public institutions at the high end and four-year private for-profit institutions at the low end; and (5) with some exceptions, public four-year institutions with relatively high expenditures on scholarships and grants tended to be in states where public institutions received a high percentage of total revenue from tuition and fees. Following the data tables are a glossary and a description of the survey methodology. (CH)