Tennessee Wesleyan University

Analysis

Tennessee Wesleyan University is a registered charity in United States, based in Athens, TN. It received its IRS tax-exemption ruling in June 1940, 86 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, Tennessee Wesleyan University reported income of $38.2m and spending of $34.2m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $34.7m to $38.2m (+10%), an average of +2.4% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tennessee Wesleyan University 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 98th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include University of Kansas Memorial ($38.2m), California State University Fresno Association Inc ($38.2m) and Avon Old Farms School Inc ($38.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 77% of the total. Other salaries and wages came to $8.9m. At year end it held assets of $53.8m against liabilities of $26.5m, net assets of $27.3m. It reported 410 employees.