Wharton Graduate Association Twga Inc

Analysis

Wharton Graduate Association Twga Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Wharton Graduate Association Twga Inc reported income of $5.7m and spending of $6.1m, spending 108% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $4.6m to $5.7m (+23%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 156%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wharton Graduate Association Twga Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Kappa Alpha Theta Foundation ($5.7m), Jefferson Academy ($5.7m) and University of Minnesota Foundation Investment Advisors ($5.7m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 29% and program service revenue 67% of the total. Other salaries and wages came to $98k. At year end it held assets of $3.8m against liabilities of $306k, net assets of $3.5m. It reported 2 employees.