Texas Wesleyan University

Analysis

Texas Wesleyan University is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in November 1938, 88 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, Texas Wesleyan University reported income of $98.9m and spending of $95.6m, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $74.7m to $98.9m (+32%), an average of +7.3% a year. The sharpest change came in the year to May 2022, when income rose by 24%. 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, Texas Wesleyan 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 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Catawba College ($98.7m), St Pauls School ($98.9m) and Lenoir-Rhyne University ($98.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 14% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.3m (1.3% of expenses). Other salaries and wages came to $23.9m. It paid $91k in professional fundraising fees. At year end it held assets of $184.3m against liabilities of $21.3m, net assets of $163.0m. It reported 794 employees.