Dakota Wesleyan University

Analysis

Dakota Wesleyan University is a registered charity in United States, based in Mitchell, SD. It received its IRS tax-exemption ruling in May 1951, 75 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, Dakota Wesleyan University reported income of $29.3m and spending of $32.0m, spending 109% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $26.0m to $29.3m (+13%), an average of +2.4% a year. The sharpest change came in the year to May 2020, when income rose by 15%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dakota Wesleyan University sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SD. Charities of a similar size with the same main cause include Making Waves Academy ($29.3m), Hilbert College ($29.3m) and Reach Out and Read Inc ($29.2m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 13% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $394k (1.2% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $89.3m against liabilities of $19.2m, net assets of $70.1m. It reported 465 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.