Westminster University

Analysis

Westminster University is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in April 1941, 85 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, Westminster University reported income of $75.3m and spending of $80.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $93.0m to $75.3m (-19%), an average of -5.1% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westminster University sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include McDonogh School Incorporated ($75.3m), The College of Idaho Inc ($75.4m) and Evangel University of the Assemblies of God ($75.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $1.3m (1.7% of expenses). Other salaries and wages came to $25.7m. At year end it held assets of $185.3m against liabilities of $33.9m, net assets of $151.4m. It reported 1,155 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.