William Penn University

Analysis

William Penn University is a registered charity in United States, based in Oskaloosa, IA. It received its IRS tax-exemption ruling in November 1939, 87 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 2023, William Penn University reported income of $51.7m and spending of $48.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.8m to $51.7m (+33%), an average of +7.4% a year. 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, William Penn University 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 IA. Charities of a similar size with the same main cause include Panda Cares Foundation Inc ($51.7m), Und Alumni Association and Foundation ($51.7m) and Quincy University Corporation ($51.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $443k (0.9% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $82.5m against liabilities of $47.3m, net assets of $35.3m. It reported 741 employees.