Wheaton College

Analysis

Wheaton College is a registered charity in United States, based in Norton, MA. It received its IRS tax-exemption ruling in May 1950, 76 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, Wheaton College reported income of $154.3m and spending of $159.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $137.7m to $154.3m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wheaton College sits at the 99th 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 Augustana College ($153.9m), Harvard-Westlake School ($154.6m) and Phillips Exeter Academy ($153.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $2.3m (1.4% of expenses). Other salaries and wages came to $34.0m. At year end it held assets of $438.7m against liabilities of $97.6m, net assets of $341.1m. It reported 1,560 employees.