Widener University

Analysis

Widener University is a registered charity in United States, based in Chester, PA. It received its IRS tax-exemption ruling in August 1936, 90 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, Widener University reported income of $243.6m and spending of $246.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $247.8m to $243.6m (-1.7%), an average of -0.4% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Widener 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 PA. Charities of a similar size with the same main cause include Patient Advocate Foundation Inc ($243.5m), Pomona College ($243.7m) and University of Oklahoma Foundation Inc ($243.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.3m (0.9% of expenses). Other salaries and wages came to $73.8m. At year end it held assets of $416.5m against liabilities of $167.2m, net assets of $249.3m. It reported 2,609 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.