Wofford College
501(c)(3) Donations tax-deductible
90% goes to programs $11 to raise $100 Strong reserves Declining revenue
Wofford College is a 501(c)(3) organization based in Spartanburg, South Carolina, registered in 1937, with $171,362,354 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
429 N Church St, Spartanburg, SC, 29303 EIN 57-0314422 Since 1937
Revenue (FY2023)
$171.4M
▲ 23.8% vs prior year
Expenses (FY2023)
$157.5M
Net assets
$635.4M
Employees
1,225
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 rating90% to programs · $11 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 Wofford College: 90% to programs · $11 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating48 mo reserves · +8% 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 Wofford College: 48 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Wofford College: 6 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 Wofford College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The purpose of wofford college is to function as a liberal arts institution of superior quality.
What they do
The college provided auxiliary services for the convenience of students, faculty, staff and the community. such auxiliary enterprises include student housing, athletics, intramural sports, and the wellness center.
Contact & location
- Address
- 429 N Church St, Spartanburg, SC, 29303
- City
- Spartanburg
- State
- South Carolina
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $87.7M (FY2013) to $171.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $125.6MNet assets $635.4M
Operating margin
8.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$761.0M
Total liabilities
$125.6M
Net assets
$635.4M
Salaries & benefits
$47.6M
30% of expenses
Board members
30
30 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $171,362,354▲23.8% | $157,540,405▲7.1% | $635,379,812▲8.8% | $761,005,885▲11.8% | 990 |
| 2022 | $138,451,143▲5.1% | $147,041,472▲10.8% | $583,735,562▲6.2% | $680,972,147▲5.1% | 990 |
| 2021 | $131,734,869▼56.3% | $132,652,020▲6.5% | $549,791,100▼9.8% | $647,728,470▼9.0% | 990 |
| 2020 | $301,668,319▲160% | $124,563,610▲3.8% | $609,401,223▲62.8% | $711,477,061▲46.2% | 990 |
| 2019 | $116,076,279▼13.7% | $119,960,192▲3.1% | $374,387,645▼1.1% | $486,613,567▼2.4% | 990 |
| 2018 | $134,458,513▲20.5% | $116,388,113▲5.5% | $378,644,108▲7.1% | $498,394,896▲8.3% | 990 |
| 2017 | $111,598,888▲1.9% | $110,280,757▲6.1% | $353,597,194▲5.1% | $460,340,168▼0.7% | 990 |
| 2016 | $109,535,119▼37.9% | $103,947,512▲8.4% | $336,349,052▲7.8% | $463,591,029▲16.1% | 990 |
| 2015 | $176,339,357▲67.3% | $95,893,946▲3.6% | $311,902,970▲26.1% | $399,426,886▲23.9% | 990 |
| 2014 | $105,376,122▲20.1% | $92,606,412▲6.7% | $247,299,550▼1.4% | $322,250,082▼0.7% | 990 |
| 2013 | $87,720,319 | $86,776,655▲3.9% | $250,685,143▲10.4% | $324,435,145▲8.2% | 990 |
| 2012 | — | $83,483,048▼0.3% | $227,067,768▲7.0% | $299,961,547▲4.5% | 990 |
| 2011 | — | $83,756,033▲4.9% | $212,298,870▼4.1% | $286,969,524▼7.0% | 990 |
| 2010 | — | $79,818,481▲7.1% | $221,291,975▲12.4% | $308,597,717▲22.1% | 990 |
| 2009 | — | $74,518,014 | $196,913,267 | $252,845,323 | 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: Nayef Samhat — $495,989 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Nayef Samhat | President | 40 | $495,989 |
| Steven Watson | Head Football Coach | 40 | $283,117 |
| Calhoun Kennedy | Vp of Philanthropy & Engagement | 40 | $213,078 |
| Chris Gardner | Chief Financial Officer | 40 | $191,825 |
| Dwight Perry | Head Basketball Coach | 40 | $181,592 |
| Boyce Lawton | Dean of Student Success | 40 | $173,903 |
| Timothy Schmitz | Provost | 40 | $168,778 |
| Richard Johnson | Director of Athletics | 40 | $164,280 |
| Ashley Richardson Allen | Board Vice Chair | 1 | — |
| Blanding U Jones | Trustee | 1 | — |
| B Shawan Gillians | Trustee | 1 | — |
| Christopher A P Carpenter | Board Chair | 2 | — |
| Costa M Pleicones | Trustee | 1 | — |
| Craig D Melvin | Trustee | 1 | — |
| David G Johnson | Trustee | 1 | — |
| Dorothy Acee Thomas | Trustee | 1 | — |
| English C Flack | Trustee | 1 | — |
| Erin M Watson | Trustee | 1 | — |
| G Murrell Smith Jr | Trustee | 1 | — |
| Gregory A O'dell | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| The Robins & Morton Group | Construction | $3,369,525 |
| Benistarhartford | Medical Services | $409,045 |
| Spartanburg Regional Medical Center | Medical Services | $263,626 |
| Hub Development LLC | Real Estate Services | $177,513 |
| Cherry Bekaert LLP | Accounting | $166,598 |
Grants received · $29.2M total
135 grants to Wofford College totaling $29.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $10K in FY2014
2 grants totaling $10K in FY2014. All grants made by Wofford College →
| Recipient | Purpose | Amount |
|---|---|---|
| Spartanburg County Foundation | Organizational support | $5,000 |
| Rise Against Hunger | Organizational support | $5,000 |
Frequently asked questions
- Is Wofford College a legitimate nonprofit?
- Yes. Wofford College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 57-0314422, based in Spartanburg, South Carolina. Donations are tax-deductible.
- What is Wofford College's EIN?
- Wofford College's Employer Identification Number (EIN) is 57-0314422.
- How much revenue does Wofford College report?
- Wofford College reported $171,362,354 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Wofford College's spending goes to programs?
- Wofford College spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Wofford College have?
- CharityIndex grades Wofford College A, based on program efficiency and fundraising cost.
- How much does Wofford College's highest-paid employee make?
- The highest reported compensation on Wofford College's latest Form 990 is $495,989, paid to Nayef Samhat (President).
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Data for Wofford College (EIN 57-0314422) 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.