College of Wooster

Analysis

College of Wooster is a registered charity in United States, based in Wooster, OH. It received its IRS tax-exemption ruling in March 1953, 73 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, College of Wooster reported income of $163.7m and spending of $184.8m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $161.3m to $163.7m (+1.4%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College of Wooster 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 100th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include Queens Borough Public Library ($163.6m), Whitman College Board of Trustees ($163.9m) and Philadelphia University ($163.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $2.4m (1.3% of expenses). Other salaries and wages came to $35.9m. It paid $28k in professional fundraising fees. At year end it held assets of $657.6m against liabilities of $83.6m, net assets of $574.0m. It reported 2,021 employees.