Westminster College

Analysis

Westminster College is a registered charity in United States, based in New Wilmngtn, PA. It received its IRS tax-exemption ruling in February 1934, 92 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, Westminster College reported income of $60.9m and spending of $66.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $67.8m to $60.9m (-10%), an average of -2.7% 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, Westminster College sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Viterbo College Inc ($60.9m), Siena Heights University ($60.9m) and American Library Association ($60.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $909k (1.4% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $235.9m against liabilities of $40.2m, net assets of $195.7m. It reported 823 employees.