Illinois Wesleyan University

Analysis

Illinois Wesleyan University is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in October 1940, 86 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 July 2023, Illinois Wesleyan University reported income of $61.9m and spending of $76.7m, spending 124% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $74.1m to $61.9m (-16%), an average of -4.4% a year. The sharpest change came in the year to July 2021, when income rose by 98%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Wesleyan University sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Johnson C Smith University Incorporated ($61.8m), Guilford College ($61.9m) and Granite Edvance Corporation ($61.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 12% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $917k (1.2% of expenses). Other salaries and wages came to $29.1m. At year end it held assets of $425.3m against liabilities of $102.7m, net assets of $322.6m. It reported 1,775 employees.