Wesleyan University

Analysis

Wesleyan University is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in April 1943, 83 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, Wesleyan University reported income of $289.4m and spending of $352.2m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $305.0m to $289.4m (-5.1%), an average of -1.3% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wesleyan University 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 100th percentile within CT. Charities of a similar size with the same main cause include President & Trustees of Colby College ($287.5m), Teachers College Columbia University ($290.3m) and Brock University ($286.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $6.1m (1.7% of expenses). Other salaries and wages came to $110.7m. At year end it held assets of $2.37bn against liabilities of $540.2m, net assets of $1.83bn. It reported 3,699 employees.