Wayne State University

Analysis

Wayne State University is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 1961, 65 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 September 2023, Wayne State University reported income of $9.3m and spending of $24.2m, spending 259% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $32.8m to $9.3m (-72%), an average of -27% a year. The sharpest change came in the year to September 2022, when income rose by 512%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wayne State University sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Isaac Newton Foundation Inc ($9.3m), Digital Green Foundation ($9.3m) and Brookwood School Inc ($9.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 200% of the total. At year end it held assets of $504.2m against liabilities of $225k, net assets of $503.9m.