Wartburg College

Analysis

Wartburg College is a registered charity in United States, based in Waverly, IA. It received its IRS tax-exemption ruling in September 1996, 30 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 May 2024, Wartburg College reported income of $108.6m and spending of $106.2m, spending 98% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $91.5m to $108.6m (+19%), an average of +3.5% a year. The sharpest change came in the year to May 2021, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wartburg College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within IA. Charities of a similar size with the same main cause include University of Mount Saint Vincent ($108.2m), Linfield University ($108.9m) and Denver School of Science and Technology Inc ($108.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 13% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.2m (1.1% of expenses). Other salaries and wages came to $21.6m. At year end it held assets of $243.0m against liabilities of $83.2m, net assets of $159.7m. It reported 1,806 employees.