Western New England University

Analysis

Western New England University is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in January 2009, 17 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, Western New England University reported income of $169.8m and spending of $171.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $160.0m to $169.8m (+6.2%), an average of +1.5% 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, Western New England University 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 Purdue Research Foundation ($169.4m), Milwaukee School of Engineering ($171.1m) and T H I N K Education ($168.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.2m (0.7% of expenses). Other salaries and wages came to $51.6m. At year end it held assets of $259.5m against liabilities of $116.2m, net assets of $143.3m. It reported 2,017 employees.