William Carey International University

Analysis

William Carey International University is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in October 1977, 49 years ago. 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, William Carey International University reported income of $23.8m and spending of $14.8m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $38.3m to $23.8m (-38%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 266%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, William Carey International 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 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Central Catholic High School Inc ($23.8m), St Catherines Center for Children ($23.8m) and National Cowboy and Western Heritage Museum Inc ($23.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $148k (1.0% of expenses). Other salaries and wages came to $955k. It paid $44 in professional fundraising fees. At year end it held assets of $65.5m against liabilities of $310k, net assets of $65.1m. It reported 31 employees.