Calvin University

Analysis

Calvin University is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 1993, 33 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, Calvin University reported income of $190.9m and spending of $180.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $185.9m to $190.9m (+2.7%), an average of +0.7% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Calvin University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Lewis University ($189.0m), Jacksonville University ($190.9m) and Donorschoose Org ($187.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $1.6m (0.9% of expenses). Other salaries and wages came to $47.5m. It paid $25k in professional fundraising fees. At year end it held assets of $601.6m against liabilities of $124.1m, net assets of $477.5m. It reported 2,571 employees.