Alma College

Analysis

Alma College is a registered charity in United States, based in Alma, MI. It received its IRS tax-exemption ruling in February 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alma College reported income of $87.0m and spending of $92.2m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $86.3m to $87.0m (+0.8%), an average of +0.2% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alma College sits at the 99th percentile: it is larger than about 99% of them. 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 Avid Center ($86.9m), Indiana Institute of Technology Inc ($87.2m) and Hood College of Frederick MD ($86.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.8m (2.0% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $256.2m against liabilities of $68.5m, net assets of $187.7m. It reported 1,026 employees.