William James College Inc

Analysis

William James College Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in August 1978, 48 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 May 2023, William James College Inc reported income of $44.9m and spending of $43.8m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $32.0m to $44.9m (+40%), an average of +8.8% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, William James College Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Orange County School of the Arts ($44.9m), Florida International University Foundation Inc ($44.9m) and Hampshire College Trustees ($44.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.1m (2.4% of expenses). Other salaries and wages came to $24.5m. At year end it held assets of $50.2m against liabilities of $26.1m, net assets of $24.1m. It reported 713 employees.