INDIANA WESLEYAN UNIVERSITY
4201 SOUTH WASHINGTON STREET, MARION, IN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $269,090,976 | $223,084,044 | $625,674,684 |
| FY2024 | $226,049,056 | $213,017,671 | $555,290,087 |
| FY2023 | $197,828,333 | $200,454,828 | $519,628,778 |
| FY2022 | $212,201,058 | $213,678,137 | $485,132,890 |
| FY2021 | $211,253,299 | $205,931,732 | $527,479,504 |
| FY2020 | $208,118,995 | $207,113,282 | $457,997,378 |
| FY2019 | $219,854,843 | $211,866,407 | $466,362,936 |
| FY2018 | $225,099,742 | $216,163,600 | $456,129,969 |
| FY2017 | $220,162,282 | $216,902,960 | $440,000,159 |
| FY2016 | $224,787,145 | $217,353,837 | $421,121,407 |
| FY2015 | $228,769,168 | $217,121,849 | $422,981,562 |
| FY2014 | $226,180,003 | $205,335,163 | $414,579,404 |
| FY2013 | $216,497,594 | $204,230,073 | $378,931,830 |
| FY2012 | $215,406,698 | $203,017,356 | $360,113,533 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $46,026,574 | 18% |
| Program service revenue | $209,483,591 | 82% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $197,437,231 | 89% |
| Management & general | $22,982,144 | 10% |
| Fundraising | $2,664,669 | 1% |
What the numbers show
- Program service revenue made up 82% of total revenue in FY2025.
- Program services accounted for 89% of functional expenses, management & general 10%, and fundraising 1%.
- 89% of functional expenses went to program services in FY2025. That is higher than 69.1% of 81 Education organizations in IN.
- Net assets covered about 33.7 months of expenses at the end of the reporting year. That puts it in the 68th percentile among 1090 Education organizations in IN.
- Total revenue was higher than 99.8% of 1109 Education organizations in IN.
- Total revenue rose from $215,406,698 in FY2012 to $269,090,976 in FY2025, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2022, FY2023).
- Net assets grew from $360,113,533 to $625,674,684 between FY2012 and FY2025.
- Contributions and grants made up 5% of revenue in FY2012 and 17% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
INDIANA WESLEYAN UNIVERSITY IS A CHRIST-CENTERED ACADEMIC COMMUNITY COMMITTED TO CHANGING THE WORLD BY DEVELOPING STUDENTS IN CHARACTER, SCHOLARSHIP, AND LEADERSHIP
IRS status
| Ruling year | 1951 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B42Z — Education (in IN) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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