Warren Wilson College

Analysis

Warren Wilson College is a registered charity in United States, based in Swannanoa, NC. It received its IRS tax-exemption ruling in September 1962, 64 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, Warren Wilson College reported income of $44.5m and spending of $49.7m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.6m to $44.5m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Warren Wilson 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 NC. Charities of a similar size with the same main cause include Miss Porters School Inc ($44.5m), Pace Academy Inc ($44.6m) and Bethel University Inc ($44.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.4m (2.8% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $103.6m against liabilities of $21.4m, net assets of $82.2m. It reported 1,179 employees.