Wayland Baptist University

Analysis

Wayland Baptist University is a registered charity in United States, based in Plainview, TX. It received its IRS tax-exemption ruling in June 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 June 2023, Wayland Baptist University reported income of $58.5m and spending of $61.8m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $67.9m to $58.5m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2021, when income rose by 21%. 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, Wayland Baptist 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 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Ics Support Organization Inc ($58.3m), Fisk University ($58.5m) and South Carolina Connections Academy Inc ($58.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 66% of the total. Other salaries and wages came to $21.2m. At year end it held assets of $198.0m against liabilities of $46.3m, net assets of $151.7m. It reported 1,053 employees.