Wgu Corporation

Analysis

Wgu Corporation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wgu Corporation reported income of $682.1m and spending of $693.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $855.8m to $682.1m (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wgu Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within UT. Charities of a similar size with the same main cause include Loyola Marymount University ($679.8m), Pace University ($682.6m) and Rensselaer Polytechnic Institute ($666.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $4.4m (0.6% of expenses). Other salaries and wages came to $293.3m. At year end it held assets of $687.0m against liabilities of $371.7m, net assets of $315.3m. It reported 8,179 employees.