Indiana Wesleyan University

Analysis

Indiana Wesleyan University is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in July 1951, 75 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 2024, Indiana Wesleyan University reported income of $226.0m and spending of $213.0m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $208.1m to $226.0m (+8.6%), an average of +2.1% a year. 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, Indiana Wesleyan University sits at the 100th 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 IN. Charities of a similar size with the same main cause include Culinary Institute of America ($225.8m), Manhattan University ($226.8m) and Lincoln Memorial University ($225.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $915k (0.4% of expenses). Other salaries and wages came to $71.9m. At year end it held assets of $614.6m against liabilities of $59.3m, net assets of $555.3m. It reported 3,673 employees.