Westminster College

Analysis

Westminster College is a registered charity in United States, based in Fulton, MO. It received its IRS tax-exemption ruling in January 1943, 83 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Westminster College reported income of $53.9m and spending of $39.4m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.1m to $53.9m (+63%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westminster College 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 98th percentile within MO. Charities of a similar size with the same main cause include Upper Iowa University ($53.9m), International School of San Francisco ($53.9m) and John Cabot University ($53.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $723k (1.8% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $134.9m against liabilities of $21.7m, net assets of $113.1m. It reported 562 employees.