Wabash College

Analysis

Wabash College is a registered charity in United States, based in Crawfordsvlle, IN. It received its IRS tax-exemption ruling in November 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, Wabash College reported income of $76.3m and spending of $89.0m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $81.8m to $76.3m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. 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, Wabash College 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 IN. Charities of a similar size with the same main cause include Whittier College ($76.2m), Bennington College ($76.4m) and The Early Learning Coalition of Flagler and Volusia Counties Inc ($76.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $980k (1.1% of expenses). Other salaries and wages came to $22.3m. It paid $223k in professional fundraising fees. At year end it held assets of $579.6m against liabilities of $46.1m, net assets of $533.5m. It reported 994 employees.