Wongu University of Oriental Medicine

Analysis

Wongu University of Oriental Medicine is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in March 2014, 12 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, Wongu University of Oriental Medicine reported income of $1.1m and spending of $1.4m, spending 134% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.1m to $1.1m (-48%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 43%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wongu University of Oriental Medicine sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within NV. Charities of a similar size with the same main cause include Found in Translation Inc ($1.1m), East Aurora Community Nursery Inc ($1.1m) and Inman Park Cooperative Preschool Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $166k (11% of expenses). Other salaries and wages came to $829k. At year end it held assets of $2.3m against liabilities of $55k, net assets of $2.2m. It reported 51 employees.