Kentucky Wesleyan College

Analysis

Kentucky Wesleyan College is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in May 1956, 70 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, Kentucky Wesleyan College reported income of $31.3m and spending of $33.1m, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $26.9m to $31.3m (+16%), an average of +3.8% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentucky 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 KY. Charities of a similar size with the same main cause include Regents School of Austin Inc ($31.3m), Northern Arizona University FDN Inc ($31.3m) and Gleamns Human Resources Commission Inc ($31.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $1.1m (3.4% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $65.5m against liabilities of $20.2m, net assets of $45.3m. It reported 546 employees.