Kalamazoo College

Analysis

Kalamazoo College is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in August 1939, 87 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, Kalamazoo College reported income of $123.3m and spending of $119.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $96.6m to $123.3m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kalamazoo College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include George Mason University Foundation Inc ($123.2m), Center for Creative Leadership ($123.5m) and Chicago Charter School Foundation ($123.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $2.0m (1.7% of expenses). Other salaries and wages came to $25.8m. It paid $55k in professional fundraising fees. At year end it held assets of $413.7m against liabilities of $63.2m, net assets of $350.5m. It reported 1,333 employees.