Wittenberg College Board of Directors

Analysis

Wittenberg College Board of Directors is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in September 1941, 85 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, Wittenberg College Board of Directors reported income of $78.7m and spending of $96.0m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $94.3m to $78.7m (-17%), an average of -4.4% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wittenberg College Board of Directors sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include New England Institute of Technology ($78.6m), Unity Environmental University ($78.8m) and Ascendium Education Group Inc ($78.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $567k (0.6% of expenses). Other salaries and wages came to $20.5m. It paid $342k in professional fundraising fees. At year end it held assets of $168.2m against liabilities of $59.0m, net assets of $109.2m. It reported 1,282 employees.