Washington Adventist University Inc

Analysis

Washington Adventist University Inc is a registered charity in United States, based in Takoma Park, MD. It received its IRS tax-exemption ruling in June 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Washington Adventist University Inc reported income of $29.5m and spending of $36.0m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $37.6m to $29.5m (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Adventist University Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Hamden Hall School Inc ($29.5m), Chinese American International School ($29.6m) and University of Providence ($29.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $513k (1.4% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $42.4m against liabilities of $28.7m, net assets of $13.7m. It reported 536 employees.