Wilmington University Inc

Analysis

Wilmington University Inc is a registered charity in United States, based in New Castle, DE. It received its IRS tax-exemption ruling in July 1968, 58 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, Wilmington University Inc reported income of $123.9m and spending of $121.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $123.1m to $123.9m (+0.7%), an average of +0.2% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wilmington University Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within DE. Charities of a similar size with the same main cause include 1693 Partners Fund ($123.9m), Carthage College ($124.0m) and Lyrasis ($123.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $3.2m (2.6% of expenses). Other salaries and wages came to $57.0m. At year end it held assets of $357.3m against liabilities of $68.4m, net assets of $288.9m. It reported 2,030 employees.