Wayne State University

Analysis

Wayne State University is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 1961, 65 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 September 2023, Wayne State University reported income of $155k and spending of $142k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $186k to $155k (-17%), an average of -4.5% a year. The sharpest change came in the year to September 2022, when income dropped by 18%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wayne State University sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Skaneateles Nursery School Inc ($155k), Madrona Institute ($155k) and Canine Rescue ($155k).

At year end it held assets of $504k against liabilities of $0, net assets of $504k.