Calumet College

Analysis

Calumet College is a registered charity in United States, based in Whiting, IN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Calumet College reported income of $18.2m and spending of $18.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.8m to $18.2m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Calumet College sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Lexington Christian Academy Inc ($18.2m), Varnett Schools Inc ($18.2m) and Villa Esperanza Services ($18.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $681k (3.7% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $33.6m against liabilities of $13.9m, net assets of $19.7m. It reported 290 employees.