WINGATE UNIVERSITY
315 E WILSON ST, WINGATE, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $178,345,647 | $176,088,784 | $209,342,442 |
| FY2024 | $164,237,457 | $170,937,687 | $204,391,362 |
| FY2023 | $167,685,815 | $168,957,523 | $201,264,228 |
| FY2022 | $175,018,399 | $163,636,695 | $194,218,115 |
| FY2021 | $167,389,255 | $158,565,332 | $198,243,989 |
| FY2020 | $150,590,058 | $153,746,580 | $171,599,295 |
| FY2019 | $151,989,709 | $145,876,147 | $172,633,179 |
| FY2018 | $138,999,176 | $130,426,765 | $167,361,472 |
| FY2017 | $142,060,323 | $109,162,088 | $156,883,615 |
| FY2016 | $98,161,114 | $99,983,243 | $117,277,666 |
| FY2015 | $96,892,856 | $90,834,401 | $122,643,710 |
| FY2014 | $91,682,437 | $84,638,669 | $119,670,596 |
| FY2013 | $76,236,910 | $72,774,107 | $109,707,146 |
| FY2012 | $92,678,739 | $68,484,563 | $101,826,634 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $10,739,303 | 6% |
| Program service revenue | $155,725,261 | 94% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $142,807,114 | 81% |
| Management & general | $31,602,187 | 18% |
| Fundraising | $1,679,483 | 1% |
What the numbers show
- Program service revenue made up 94% of total revenue in FY2025.
- Program services accounted for 81% of functional expenses, management & general 18%, and fundraising 1%.
- 81% of functional expenses went to program services in FY2025. That is higher than 50% of 152 Education organizations in NC.
- Net assets covered about 14.3 months of expenses at the end of the reporting year. That puts it in the 60th percentile among 1707 Education organizations in NC.
- Total revenue was higher than 99.6% of 1728 Education organizations in NC.
- Total revenue rose from $92,678,739 in FY2012 to $178,345,647 in FY2025, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2016, FY2020, FY2023, FY2024).
- Net assets grew from $101,826,634 to $209,342,442 between FY2012 and FY2025.
- Contributions and grants made up 29% of revenue in FY2012 and 6% 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
A COMPREHENSIVE EDUCATIONAL INSTITUTION OFFERING BACCALAUREATE, MASTERS, AND DOCTORAL DEGREES.
IRS status
| Ruling year | 1946 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in NC) |
| 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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