Wesleyan College

Analysis

Wesleyan College is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in April 1941, 85 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wesleyan College reported income of $30.8m and spending of $27.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.7m to $30.8m (+25%), an average of +5.6% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wesleyan College 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 98th percentile within GA. Charities of a similar size with the same main cause include Council of Chief State School Officers ($30.7m), South Carolina Virtual Charter School ($30.8m) and Urban School of San Francisco ($30.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $398k (1.4% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $101.8m against liabilities of $12.6m, net assets of $89.2m. It reported 259 employees.