Wheaton College
78% goes to programs $16 to raise $100 Strong reserves Declining revenue
Wheaton College is a 501(c)(3) organization based in Wheaton, Illinois, registered in 1976, with $206,496,165 in FY2023 revenue. CharityIndex grades it A, and it directs about 78% of spending to programs.
501 College Ave, Wheaton, IL, 60187 EIN 36-2182171 Since 1976
Revenue (FY2023)
$206.5M
▲ 13.7% vs prior year
Education median: $200K
Expenses (FY2023)
$185.0M
Net assets
$924.2M
Employees
2,874
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating78% to programs · $16 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Wheaton College: 78% to programs · $16 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating60 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Wheaton College: 60 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Wheaton College: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Wheaton College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Wheaton college serves jesus christ and advances his kingdom through excellence in liberal arts and graduate programs that educate the whole person to build the church and benefit society worldwide.
What they do
Student services - programs are provided for the enrichment of the students to allow them to experience life as a christian community. wheaton college athletics sponsors 21 sports for male and female student athletes.
Auxiliary enterprises - the college provides room and board for its students.
Artist series, the community school of the arts and summer sports camps. minor programs, application fees, tuition installment plan fees, parking fines, parking permits and library fines. the college solicits a variety of contributions for its programs including donor-advised funds. donor-advised fund contributions received are accounted for as other investments. donor-advised funds allow for the donor to recommend distributions to college programs or other charitable organizations. although the college generally complies with the donor's recommendation, they are subject to approval by the college's charity selection committee. the college's policy is to distribute a maximum of 75% - 90% of donor-advised fund contributions to unrelated third parties.
Contact & location
- Address
- 501 College Ave, Wheaton, IL, 60187
- City
- Wheaton
- State
- Illinois
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $187.3M (FY2013) to $206.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $180.6MNet assets $924.2M
Operating margin
10.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$180.6M
Net assets
$924.2M
Salaries & benefits
$77.5M
42% of expenses
Board members
20
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $206,496,165▲13.7% | $184,983,837▲5.5% | $924,227,872▲7.7% | $1,104,861,704▲5.4% | 990 |
| 2022 | $181,635,763▼21.5% | $175,303,151▲3.5% | $857,761,516▲5.4% | $1,048,214,568▲3.8% | 990 |
| 2021 | $231,489,050▼17.6% | $169,298,848▲3.5% | $813,843,520▼12.2% | $1,009,461,058▼8.7% | 990 |
| 2020 | $280,776,360▲58.8% | $163,618,905▲1.0% | $927,011,301▲21.7% | $1,105,725,018▲18.5% | 990 |
| 2019 | $176,853,672▼16.9% | $162,031,167▲1.1% | $761,446,074▼0.6% | $933,202,060▲0.3% | 990 |
| 2018 | $212,894,342▲12.0% | $160,312,654▲3.3% | $766,079,502▲4.5% | $930,846,496▲3.0% | 990 |
| 2017 | $190,097,750▲9.7% | $155,118,932▲1.3% | $732,950,383▲7.6% | $903,412,441▲5.7% | 990 |
| 2016 | $173,359,454▲2.5% | $153,098,738▲4.0% | $681,375,273▲10.4% | $854,770,465▲9.1% | 990 |
| 2015 | $169,142,222▼5.8% | $147,226,308▲3.3% | $617,264,885▼3.0% | $783,269,316▼2.5% | 990 |
| 2014 | $179,537,824▼4.1% | $142,499,175▲3.9% | $636,677,068▲1.9% | $803,722,890▲1.2% | 990 |
| 2013 | $187,258,956 | $137,100,353▲0.5% | $624,980,150▲12.7% | $794,346,316▲9.9% | 990 |
| 2012 | — | $136,475,266▲4.7% | $554,774,583▲10.6% | $722,655,968▲8.4% | 990 |
| 2011 | — | $130,325,386▲2.8% | $501,625,177▼1.8% | $666,495,230▼1.1% | 990 |
| 2010 | — | $126,730,421▲2.1% | $510,569,865▲11.0% | $673,976,723▲7.9% | 990 |
| 2009 | — | $124,096,849 | $459,800,251 | $624,743,387 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Philip G Ryken — $389,576 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Philip G Ryken | President/trustee | 40 | $389,576 |
| J Chadwick Rynbrandt | Vp For Finance & Operations, Treasurer | 40 | $282,882 |
| Kirk D Farney | Vp For Advancement & Alumni Relations | 40 | $242,743 |
| Karen Lee | Provost | 40 | $229,159 |
| Alan Wolff | Chief Information Officer | 40 | $195,637 |
| Kenneth Larson | Investment Manager | 40 | $185,740 |
| Silvio Vazquez | Chief Enrollment Management Officer | 40 | $181,069 |
| Mark Yarhouse | Professor | 40 | $176,757 |
| Paul Chelsen | Vice President - Student Development | 40 | $176,517 |
| Anthony Drea | Chief Development Officer | 40 | $168,573 |
| Jay Bieszke | Director of Facilities | 40 | $167,948 |
| Jamie Aten | Professor/exec Director of Hdi | 40 | $159,319 |
| Edward Davis | Professor of Psychology | 40 | $159,131 |
| Michael Wilder | Dean of Music & Communications | 40 | $154,086 |
| Vanessa Wynder Quainoo | Chief Intercultural Engagement Officer | 40 | $135,555 |
| Andrea D Scott | Vice Chair (through May 2024)/trustee | 2 | — |
| Barbara W Anderson | Trustee (through May 2024) | 2 | — |
| Carlene Ellerman | Trustee (from May 2024) | 2 | — |
| Charles Pollard III | Trustee | 2 | — |
| Dale C Wong | Chair (from May 2024)/trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Bon Appetit | Food Service | $5,740,392 |
| Ma Mortenson Co | Construction Services | $3,499,022 |
| Schneider Electric Buildings Americas Inc | Energy Management Services | $2,560,482 |
| Mythics Inc | Consulting | $1,053,409 |
| Avi Systems Inc | Av Services | $748,552 |
Grants received · $52.6M total
211 grants to Wheaton College totaling $52.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Leadership development | 2024 | $1,804,697 |
| Museum of the Bible Inc | Tel shimron excavation project | 2024 | $200,000 |
| American Endowment Foundation | Educational | 2024 | $137,000 |
| Baylor University | Subcontract-research | 2024 | $120,974 |
| Tyndale House Ministries | General program support | 2024 | $66,403 |
| Christian Community Foundation Inc | Athletic fund support | 2024 | $58,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $50,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $50,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $43,500 |
| Thrivent Financial For Lutherans | General support | 2024 | $41,100 |
| American Online Giving Foundation Inc | General support | 2024 | $36,650 |
| Charities Aid Foundation America | Charitable donation | 2024 | $22,625 |
| The Blackbaud Giving Fund | General support | 2024 | $18,660 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $17,100 |
| Foundation For the Carolinas | Charitable gift | 2024 | $10,000 |
Grants made · $938K in FY2023
21 grants totaling $938K in FY2023 — showing the 15 largest. All grants made by Wheaton College →
| Recipient | Purpose | Amount |
|---|---|---|
| Goodwill Industries International Inc | Ceo workforce skills launch program | $382,350 |
| Covenant Church of Naples | $175,000 missions fund $25,000 general support $60 k christian school fund | $260,000 |
| Grace Bible Presbyterian Church | General support | $40,000 |
| Moody Bible Institute of Chicago | $30k moody aviation $2k general support-moody radio | $32,000 |
| The Gospel Coalition Inc | The keller center | $25,000 |
| Wheaton Bible Church | $2k ipf go team w/ kids alive $20k general support | $22,000 |
| Life Forward Pregnancy Care of Cincinnati Inc | Change for life matching | $20,000 |
| Maranatha Bible and Missionary Conference Inc | $2.5 restricted $4,250 various projects $6,200 baseball camp $4k mission support | $16,950 |
| Outreach Community Ministries Inc | General support | $16,000 |
| Child Evangelism Fellowship of Ohio | General support | $15,000 |
| Skokie Valley Baptist Church | $2k ukraine relief $1,500 community outreach $1,500 student scholarship $10,000 general support | $15,000 |
| The Mercy Kids Foundation Inc | Giving tuesday 2023 match | $15,000 |
| Village Chapel Inc | $10k general support $2k practicing the way program | $12,000 |
| College Church In Wheaton | $1k pioneer club $11k general support | $12,000 |
| Life Forward Pregnancy Care of Cincinnati Inc | Legacy fund | $10,000 |
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Frequently asked questions
- Is Wheaton College a legitimate nonprofit?
- Yes. Wheaton College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-2182171, based in Wheaton, Illinois. Donations are tax-deductible.
- What is Wheaton College's EIN?
- Wheaton College's Employer Identification Number (EIN) is 36-2182171.
- How much revenue does Wheaton College report?
- Wheaton College reported $206,496,165 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Wheaton College's spending goes to programs?
- Wheaton College spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Wheaton College have?
- CharityIndex grades Wheaton College A, based on program efficiency and fundraising cost.
- How much does Wheaton College's highest-paid employee make?
- The highest reported compensation on Wheaton College's latest Form 990 is $389,576, paid to Philip G Ryken (President/trustee).
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Data for Wheaton College (EIN 36-2182171) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.