Wisconsin Association of Independent Colleges and Universit

Analysis

Wisconsin Association of Independent Colleges and Universit is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Wisconsin Association of Independent Colleges and Universit reported income of $4.9m and spending of $4.2m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.2m to $4.9m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wisconsin Association of Independent Colleges and Universit sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Christ the King Continuing Education Inc ($4.9m), Uw-Whitewater Foundation Inc ($4.9m) and Destiny Advanced Learning Center ($4.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $779k (19% of expenses). Other salaries and wages came to $643k. At year end it held assets of $24.6m against liabilities of $1.4m, net assets of $23.2m. It reported 17 employees.