Wilkes University

Analysis

Wilkes University is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in December 1948, 78 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 May 2023, Wilkes University reported income of $150.8m and spending of $146.7m, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $150.7m to $150.8m (+0.0%), an average of +0.0% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wilkes University sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Gustavus Adolphus College ($150.5m), University of Connecticut Foundation Incorporated ($150.8m) and Reed Institute ($150.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 6.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $2.0m (1.4% of expenses). Other salaries and wages came to $43.6m. At year end it held assets of $248.1m against liabilities of $103.8m, net assets of $144.4m. It reported 1,901 employees.