Wilmington College

Analysis

Wilmington College is a registered charity in United States, based in Wilmington, OH. It received its IRS tax-exemption ruling in July 1944, 82 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, Wilmington College reported income of $37.9m and spending of $44.2m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $39.9m to $37.9m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income dropped by 50%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wilmington College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include US Chamber of Commerce Foundation ($37.8m), Howard Payne University ($37.9m) and Orange County Head Start ($37.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $751k (1.7% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $124.7m against liabilities of $22.9m, net assets of $101.8m. It reported 330 employees.