Kettering University

Analysis

Kettering University is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in May 1982, 44 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, Kettering University reported income of $104.3m and spending of $106.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $95.7m to $104.3m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kettering University 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 University of Dubuque ($104.0m), Visions in Education ($104.7m) and Albion College ($103.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $2.2m (2.1% of expenses). Other salaries and wages came to $25.9m. At year end it held assets of $275.3m against liabilities of $46.9m, net assets of $228.5m. It reported 870 employees.