West Virginia Wesleyan College

Analysis

West Virginia Wesleyan College is a registered charity in United States, based in Buckhannon, WV. It received its IRS tax-exemption ruling in May 1946, 80 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 2024, West Virginia Wesleyan College reported income of $53.5m and spending of $48.9m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $63.1m to $53.5m (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, West Virginia Wesleyan College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WV. Charities of a similar size with the same main cause include Montclair Kimberly Academy Foundation ($53.5m), Universidad Politecnica de Puerto Rico Inc ($53.5m) and Polytechnic School ($53.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 10.0% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.1m (2.3% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $146.0m against liabilities of $15.4m, net assets of $130.6m. It reported 787 employees.