Wheaton College

Analysis

Wheaton College is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in January 1976, 50 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, Wheaton College reported income of $181.6m and spending of $175.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $212.9m to $181.6m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wheaton College 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 IL. Charities of a similar size with the same main cause include Achievement First Brooklyn Charter Schools ($181.5m), Hope College ($181.7m) and Juilliard School ($181.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $2.7m (1.6% of expenses). Other salaries and wages came to $56.7m. At year end it held assets of $1.05bn against liabilities of $190.5m, net assets of $857.8m. It reported 2,974 employees.