Wesleyan University: $289.4M Revenue, $352.2M Expenses
Middletown, Connecticut · EIN 060646959 · Filing year 2023
Wesleyan University reported $289.4M in total revenue, $352.2M in total expenses, and $2.4B in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $6.1M (2.09% of revenue). NonprofitTruth efficiency grade: D (39/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $289.4M
- Total Expenses
- $352.2M
- Total Assets
- $2.4B
- Reserve Months
- 80.8 months
- Surplus / (Deficit)
- $-62,814,000
- EIN
- 060646959
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $6.1M
- Officer Comp % of Revenue
- 2.09%
Wesleyan University pulls a D on the efficiency rubric. The composite of 39/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.
Annual revenue at Wesleyan University runs $289.4M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Reserves are the limiting factor: Wesleyan University carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.
Five-year revenue trend is mildly negative: a modest decline that could reflect grant-cycle timing, donor turnover, or program wind-down. Worth checking against the program-spending pattern to see whether the decline is structural. Compensation for current officers and key employees runs $6.1M against $289.4M in revenue — within the band third-party charity raters typically consider reasonable for an organization of this size and complexity. This is an aggregate across all listed officers, not a single executive's salary. In the Education category, Wesleyan University sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.
How Wesleyan University Compares
Wesleyan University earns a NonprofitTruth efficiency grade of D (39/100). That is 25 points below the Education category average. Compensation for current officers and key employees represents 2.09% of total revenue. The organization holds 80.8 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Wesleyan University reported $289.4M in revenue against $352.2M in total functional expenses for filing year 2023, holding roughly 80.8 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $6.1M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 2.09% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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Wesleyan University has a NonprofitTruth Efficiency Score of D (39/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Wesleyan University, Donor FAQ
Wesleyan University has a NonprofitTruth Efficiency Score of D (39/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Wesleyan University reports $6.1M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 2.09% of the organization's $289.4M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Wesleyan University reported $289.4M in annual revenue and $352.2M in total expenses for filing year 2023. The organization holds $2.4B in total assets.
Wesleyan University holds approximately 80.8 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its D efficiency grade.
Wesleyan University is a registered 501(c) organization with EIN 060646959, based in Middletown, Connecticut. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Education Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.