Dunwoody College of Technology

Analysis

Dunwoody College of Technology is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 1937, 89 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 2024, Dunwoody College of Technology reported income of $54.8m and spending of $42.5m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $39.2m to $54.8m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dunwoody College of Technology sits at the 98th 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 MN. Charities of a similar size with the same main cause include Ace Scholarships Alliance for Choice in Education ($54.8m), Madonna University ($54.8m) and Roberts Wesleyan University ($54.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $1.7m (4.0% of expenses). Other salaries and wages came to $16.6m. It paid $94k in professional fundraising fees. At year end it held assets of $123.8m against liabilities of $8.4m, net assets of $115.4m. It reported 383 employees.