Indiana Wesleyan University
Indiana Wesleyan University reported $269.1 million in revenue and $223.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.50 went to program services, $10.30 to management and general costs and $1.20 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 77.8% of the total. The highest compensation it reported for one person was $454,547 (University President). 77 people received more than $100,000 in reportable compensation. Revenue rose 29% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $223MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $269MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 17.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.7% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 77.8% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $454,547 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.20% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 77 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 33.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 19 of 26 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInstruction:this program encompasses a wide range of instructions in liberal arts curriculum, as well as providing textbook distribution and residential dining services for students. Bookstore: this program service provides textbook distribution for students. Food service: this program service provides students residential dining services
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| University President Director/trustee, officer, 39.0 hrs/week | $318,645 | $0 | $135,902 | $454,547 |
| EVP/Chief Innovation & Strategy Officer Highest compensated employee, 40.0 hrs/week | $164,853 | $0 | $80,675 | $245,528 |
| Trustee Director/trustee, 1.0 hrs/week | $0 | $214,246 | $24,539 | $238,785 |
| Head Coach, Men's Basketball Highest compensated employee, 40.0 hrs/week | $169,761 | $0 | $32,735 | $202,496 |
| Chancellor of National Global Key employee, 39.0 hrs/week | $171,052 | $0 | $30,930 | $201,982 |
| Professor/Program Director, DPT Highest compensated employee, 40.0 hrs/week | $149,817 | $0 | $48,834 | $198,651 |
| Exec VP/Chief People & Culture Officer Highest compensated employee, 40.0 hrs/week | $147,929 | $0 | $31,892 | $179,821 |
| Professor, Blanchard Endowed Chair Highest compensated employee, 40.0 hrs/week | $145,717 | $0 | $23,714 | $169,431 |
77 people received more than $100,000 in reportable compensation from Indiana Wesleyan University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b26 · 19 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 53,690
- Volunteers Part I, line 6435
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Google LLC Advertising Services | $6,860,127 |
| Slingshot LP Bookstore | $5,565,424 |
| Pioneer College Caterers Food Service | $5,164,518 |
| EchoPoint Media Media Services | $4,408,693 |
| Vesta Technology Solutions LLC Recruitment | $4,027,200 |
Individuals listed as contractors are left out. 76 contractors were paid more than $100,000 in all.
Private foundation grants it received
26 private foundations reported grants to Indiana Wesleyan University totaling $5.7M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Indiana Wesleyan University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Indiana Wesleyan University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Indiana Wesleyan University spent in FY2025, $88.50 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Shine Bc-LaSan Francisco, CA · revenue $269M · programs 96.1% · FY2025
- International Baccalaureate OrganizationWashington, DC · revenue $271M · programs 62.4% · FY2025
- Columbia College ChicagoChicago, IL · revenue $268M · programs 81.7% · FY2025
- Alliance College-Ready Public SchoolsLos Angeles, CA · revenue $271M · programs 91.3% · FY2025
- Dickinson CollegeCarlisle, PA · revenue $266M · programs 88.8% · FY2025
Questions people ask
How much of Indiana Wesleyan University's spending goes to programs?
In the fiscal year ending June 30, 2025, Indiana Wesleyan University reported that 88.5% of its $223.1 million in expenses went to program services, 10.3% to management and general and 1.2% to fundraising (Form 990, Part IX).
How much does Indiana Wesleyan University pay its top executive?
The largest total compensation Indiana Wesleyan University reported for one person in the fiscal year ending June 30, 2025 was $454,547, for the role of University President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Indiana Wesleyan University get its money?
Of $269.1 million in revenue in the fiscal year ending June 30, 2025, 17.1% came from contributions and grants (including 1.7% from government grants) and 77.8% from program service revenue (Form 990, Part VIII).
Is Indiana Wesleyan University a registered charity?
The IRS lists EIN 35-0885591 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202523159349305752 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202433169349301508 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202333149349303718 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202233149349305248 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202143199349319244 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202013099349300936 · read the filing
All filings for EIN 35-0885591: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.