Willamette University

Analysis

Willamette University is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in September 1935, 91 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, Willamette University reported income of $137.8m and spending of $172.9m, spending 126% of what it took in. Across the 6 years on record, from May 2019 to June 2023, income grew from $128.0m to $137.8m (+7.6%), an average of +1.5% a year. The sharpest change came in the year to May 2022, when income rose by 2277%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Willamette 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 100th percentile within OR. Charities of a similar size with the same main cause include Lindenwood Education System ($137.7m), Oregon State University Foundation ($137.9m) and Highlands Adult & Community Charter School ($137.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $3.0m (1.7% of expenses). Other salaries and wages came to $48.6m. It paid $88k in professional fundraising fees. At year end it held assets of $536.3m against liabilities of $161.5m, net assets of $374.8m. It reported 2,041 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.