Aquinas College Inc

Analysis

Aquinas College Inc is a registered charity in United States, based in Grand Rapids, MI. 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, Aquinas College Inc reported income of $52.3m and spending of $62.4m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $58.9m to $52.3m (-11%), an average of -2.9% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aquinas College Inc sits at the 98th percentile: it is larger than about 98% 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 Council for Native Hawaiian Advancement ($52.3m), Cedar Crest College ($52.3m) and Leman Academy of Excellence Inc ($52.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $862k (1.4% of expenses). Other salaries and wages came to $14.8m. It paid $18k in professional fundraising fees. At year end it held assets of $128.1m against liabilities of $41.0m, net assets of $87.0m. It reported 928 employees.