Wichita Collegiate School

Analysis

Wichita Collegiate School is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in September 1957, 69 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 2023, Wichita Collegiate School reported income of $20.6m and spending of $21.1m, spending 103% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $17.9m to $20.6m (+15%), an average of +3.7% a year. The sharpest change came in the year to May 2021, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wichita Collegiate School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KS. Charities of a similar size with the same main cause include Freire Charter School ($20.6m), Georgia Tech Facilities Inc ($20.6m) and Randolph Macon Academy ($20.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $358k (1.7% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $30.2m against liabilities of $7.9m, net assets of $22.2m. It reported 398 employees.