Worcester City Campus Corporation

Analysis

Worcester City Campus Corporation is a registered charity in United States, based in Westborough, MA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Worcester City Campus Corporation reported income of $51.7m and spending of $37.2m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $39.5m to $51.7m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Worcester City Campus Corporation 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 Palmdale Aerospace Academy Inc ($51.6m), Quincy University Corporation ($51.7m) and Adler University ($51.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 77% of the total. At year end it held assets of $555.5m against liabilities of $463.1m, net assets of $92.3m.