Wichita State University Union Corporation

Analysis

Wichita State University Union Corporation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wichita State University Union Corporation reported income of $5.2m and spending of $5.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.4m to $5.2m (-38%), an average of -11% a year. The sharpest change came in the year to June 2022, when income dropped by 38%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wichita State University Union Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KS. Charities of a similar size with the same main cause include Oklahoma Christian Academy Inc ($5.2m), New Hope Academy ($5.2m) and Non-Profit Technology Enterprise Network ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $232k (4.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $8.7m against liabilities of $1.1m, net assets of $7.6m. It reported 151 employees.