Kansas Wesleyan University Foundation

Analysis

Kansas Wesleyan University Foundation is a registered charity in United States, based in Salina, KS. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kansas Wesleyan University Foundation reported income of $2.0m and spending of $1.3m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $634k to $2.0m (+222%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 481%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kansas Wesleyan University Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within KS. Charities of a similar size with the same main cause include Lodi Christian School ($2.0m), Forging Opportunities for Refugees in America Inc NFP ($2.0m) and The Meridian Preschool Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $26.3m against liabilities of $64k, net assets of $26.3m.