Walsh College of Accountancy and Business Administration

Analysis

Walsh College of Accountancy and Business Administration is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in November 1949, 77 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 August 2023, Walsh College of Accountancy and Business Administration reported income of $20.9m and spending of $23.4m, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $25.6m to $20.9m (-19%), an average of -5.0% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Walsh College of Accountancy and Business Administration sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Laguna Blanca School ($20.8m), Saint Augustines College ($20.9m) and National Association for the Education of Young Children ($20.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.1% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $798k (3.4% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $60.5m against liabilities of $15.0m, net assets of $45.5m. It reported 256 employees.