Wentworth Institute of Technology

Analysis

Wentworth Institute of Technology is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1929, 97 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wentworth Institute of Technology reported income of $193.5m and spending of $197.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $186.7m to $193.5m (+3.6%), an average of +0.9% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wentworth Institute of Technology sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include University of Indianapolis ($192.8m), Spelman College ($194.4m) and Norwich University ($192.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $3.6m (1.8% of expenses). Other salaries and wages came to $56.9m. At year end it held assets of $494.0m against liabilities of $221.9m, net assets of $272.1m. It reported 2,312 employees.