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Wofford College

Spartanburg, SC · EIN 57-0314422 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Wofford College reported $166.4 million in revenue and $162.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.91 went to program services, $8.33 to management and general costs and $1.76 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 76.6% of the total. The highest compensation it reported for one person was $809,510 (PRESIDENT). 32 people received more than $100,000 in reportable compensation. Revenue rose 43% 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 $163M

For 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 $166M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
89.9%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
8.3%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.8%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.17$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
10.1%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.2%1.1%
Program service revenue share
Part VIII 2g ÷ 12
76.6%69.9%
Highest reported compensation
Part VII-A, columns D–F
$809,510$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.50%1.28%
People paid over $100,000
Part VII, line 2
328
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
50.213.3
Independent voting board members
Part VI 1a–1b
30 of 30100.0%

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 expense
$92M expenses · 63.1% of program spending · grants $64M · revenue $97M

The college provided a liberal arts education to approximately 1,825 students for the 2024-2025 academic year, graduating approximately 375 students with ba or bs degrees. The college is committed to affordability and access to students of all backgrounds. The college distributed in excess of $64 million in financial aid to assist students in meeting the financial obligations of attending the institution

$54M expenses · 36.9% of program spending · revenue $30M

The college provided auxiliary services for the convenience of students, faculty, staff and the community. Such auxiliary enterprises include student housing, athletics, intramural sports, and the wellness center

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 40.00 hrs/week
$496,277$0$313,233$809,510
HEAD FOOTBALL COACH
Highest compensated employee, 40.00 hrs/week
$292,630$0$41,882$334,512
VP FOR PHILANTHROPY AND ENGAGEMENT
Highest compensated employee, 40.00 hrs/week
$219,720$0$38,550$258,270
HEAD MEN'S BASKETBALL COACH
Highest compensated employee, 40.00 hrs/week
$219,428$0$28,813$248,241
CHIEF FINANCIAL OFFICER
Officer, 40.00 hrs/week
$196,556$0$36,434$232,990
HEAD WOMEN'S BASKETBALL COACH
Highest compensated employee, 40.00 hrs/week
$168,291$0$34,391$202,682
DEAN FOR STUDENT SUCCESS
Highest compensated employee, 40.00 hrs/week
$171,917$0$23,239$195,156
PROVOST
Officer, 40.00 hrs/week
$176,294$0$17,685$193,979

32 people received more than $100,000 in reportable compensation from Wofford College (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, linked
RevenueExpenses
$0$100M$200M$300M$400MFY2020FY2021FY2022FY2023FY2024FY2025$166M$163M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$166M$163M89.9%$680M$809,510
FY2024 ⓘ$171M$158M90.5%$635M$839,498
FY2023 ⓘ$138M$147M90.4%$584M$804,948
FY2022 ⓘ$132M$133M90.5%$550M$621,455
FY2021 ⓘ$302M$125M88.9%$609M$587,114
FY2020 ⓘ$116M$120M90.2%$374M$519,588

Governance 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–1b30 · 30 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 51,159
  • Volunteers Part I, line 631

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
JB TREES LCC
Construction
$255,900
M&M HEATING & AIR LLC
Construction
$238,610
EXPLORE UP CLOSE LLC
Travel services
$130,880
IRWIN PAINT CONTRACTORS
Construction
$120,942

Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.

Private foundation grants it received

42 private foundations reported grants to Wofford College totaling $2.9M 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 Wofford College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Wofford College, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in South Carolina

Questions people ask

How much of Wofford College's spending goes to programs?

In the fiscal year ending June 30, 2025, Wofford College reported that 89.9% of its $162.7 million in expenses went to program services, 8.3% to management and general and 1.8% to fundraising (Form 990, Part IX).

How much does Wofford College pay its top executive?

The largest total compensation Wofford College reported for one person in the fiscal year ending June 30, 2025 was $809,510, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Wofford College get its money?

Of $166.4 million in revenue in the fiscal year ending June 30, 2025, 10.1% came from contributions and grants (including 0.2% from government grants) and 76.6% from program service revenue (Form 990, Part VIII).

Is Wofford College a registered charity?

The IRS lists EIN 57-0314422 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 202631349349303103 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349302282 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421359349307157 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349311132 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349305741 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101379349302420 · read the filing

All filings for EIN 57-0314422: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.