Wingate University

Analysis

Wingate University is a registered charity in United States, based in Wingate, NC. 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 May 2023, Wingate University reported income of $167.7m and spending of $169.0m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $152.0m to $167.7m (+10%), an average of +2.5% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wingate University 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 100th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include State University of Iowa Foundation ($167.6m), T H I N K Education ($168.1m) and St Marys College of California ($166.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 8.4% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.8m (1.1% of expenses). Other salaries and wages came to $38.5m. At year end it held assets of $294.5m against liabilities of $93.2m, net assets of $201.3m. It reported 1,763 employees.