Welch College
Welch College reported $11.3 million in revenue and $10.3 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $88.21 went to program services, $7.75 to management and general costs and $4.04 to fundraising. Its largest source of revenue was contributions and grants: 49.0% of the total. The highest compensation it reported for one person was $102,144 (PRESIDENT). Revenue rose 24% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $10MFor 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 May 31, 2025 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 49.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 48.8% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $102,144 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.99% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 26.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 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 expenseWelch College is a christian higher education institution that educates leaders to serve christ, his church, and his world through biblical thought and life. We provide our students a unique opportunity to prepare for leadership in the place of service to which god is calling them. We do this by teaching students to confront the inescapable questions of life from the vantage point of a christian worldview, realising the implications of christian faith for the world around them
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 |
|---|---|---|---|---|
| PRESIDENT Officer, 40.00 hrs/week | $81,013 | $0 | $21,131 | $102,144 |
| VP INSTITUTIONAL EFFECTIVE Officer, 40.00 hrs/week | $64,479 | $0 | $18,109 | $82,588 |
| PROVOST Officer, 40.00 hrs/week | $11,578 | $0 | $63,025 | $74,603 |
| VP-FINANCIAL AFFAIRS Officer, 40.00 hrs/week | $24,589 | $0 | $39,047 | $63,636 |
| VP FOR INSTITUTIONAL ADVAN Officer, 40.00 hrs/week | $8,069 | $0 | $53,398 | $61,467 |
| VICE PROVOST Officer, 40.00 hrs/week | $37,270 | $0 | $23,368 | $60,638 |
| VP STUDENT SERVICES/ DEAN Officer, 40.00 hrs/week | $44,952 | $0 | $10,070 | $55,022 |
| VP STRATEGIC INITIATIVES Officer, 40.00 hrs/week | $54,319 | $0 | $0 | $54,319 |
0 people received more than $100,000 in reportable compensation from Welch College (Part VII, line 2).
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–1b9 · 9 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 14bNo
- Employees Part I, line 5193
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BLUE CROSS BLUE SHIELD OF TENNESSEE Insurance provider | $509,925 |
| PIONEER COLLEGE CATERERS INC Food service | $426,048 |
| WHITE & ASSOCIATES MANAGEMENT Insurance provider | $330,247 |
| FOURTH COUNCIL PROPERTIES Property maintenance | $216,602 |
| GALLATIN DEPARTMENT OF ELECTRICITY Utilities | $162,594 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
5 private foundations reported grants to Welch College totaling $180K 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 Welch 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 Welch College, you can publish a response that is linked from this page.
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Of every $100 Welch College spent in FY2025, $88.21 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Upper Canada College FoundationCanada, · revenue $11M · programs 99.7% · FY2025
- Stillwater Christian SchoolKalispell, MT · revenue $11M · programs 68.1% · FY2025
- Sonoran SchoolsTempe, AZ · revenue $11M · programs 78.3% · FY2025
- Flagstaff AcademyLongmont, CO · revenue $11M · programs 57.5% · FY2025
- Ben Porat YosefParamus, NJ · revenue $11M · programs 81.1% · FY2025
Questions people ask
How much of Welch College's spending goes to programs?
In the fiscal year ending May 31, 2025, Welch College reported that 88.2% of its $10.3 million in expenses went to program services, 7.8% to management and general and 4.0% to fundraising (Form 990, Part IX).
How much does Welch College pay its top executive?
The largest total compensation Welch College reported for one person in the fiscal year ending May 31, 2025 was $102,144, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Welch College get its money?
Of $11.3 million in revenue in the fiscal year ending May 31, 2025, 49.0% came from contributions and grants (including 0.1% from government grants) and 48.8% from program service revenue (Form 990, Part VIII).
Is Welch College a registered charity?
The IRS lists EIN 62-0481463 as a 501(c)(3) organization (church), 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 May 31, 2025, object 202631599349300313 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202541019349300919 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202421039349300647 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202331079349302223 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202200639349301020 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202110999349300146 · read the filing
All filings for EIN 62-0481463: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.