KALAMAZOO COLLEGE
1200 ACADEMY STREET, KALAMAZOO, MI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $122,047,535 | $130,889,692 | $407,938,228 |
| FY2024 | $143,100,282 | $128,573,143 | $389,634,814 |
| FY2023 | $123,279,200 | $119,290,380 | $350,518,826 |
| FY2022 | $129,775,982 | $109,921,197 | $333,986,765 |
| FY2021 | $112,551,659 | $100,250,670 | $378,622,948 |
| FY2020 | $96,754,584 | $106,941,639 | $308,430,565 |
| FY2019 | $96,560,357 | $103,722,466 | $313,778,784 |
| FY2018 | $127,459,506 | $98,371,296 | $320,007,321 |
| FY2017 | $86,580,728 | $94,419,128 | $285,318,423 |
| FY2016 | $85,750,211 | $93,041,896 | $259,996,359 |
| FY2015 | $90,396,442 | $85,257,039 | $279,397,408 |
| FY2014 | $82,719,235 | $85,736,277 | $281,161,894 |
| FY2013 | $79,993,034 | $75,986,505 | $259,399,408 |
| FY2012 | $94,985,738 | $80,004,568 | $243,919,982 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $18,802,551 | 17% |
| Program service revenue | $92,765,925 | 83% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $107,054,138 | 82% |
| Management & general | $20,505,547 | 16% |
| Fundraising | $3,330,007 | 3% |
What the numbers show
- Program service revenue made up 83% of total revenue in FY2025.
- Program services accounted for 82% of functional expenses, management & general 16%, and fundraising 3%.
- 82% of functional expenses went to program services in FY2025. That is higher than 42.9% of 63 Education organizations in MI.
- Net assets covered about 37.4 months of expenses at the end of the reporting year. That puts it in the 67th percentile among 1364 Education organizations in MI.
- Total revenue was higher than 99.6% of 1395 Education organizations in MI.
- Total revenue rose from $94,985,738 in FY2012 to $122,047,535 in FY2025, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2014, FY2016, FY2017, FY2019, FY2020, FY2025).
- The highest revenue on record here is $143,100,282 in FY2024.
- Net assets grew from $243,919,982 to $407,938,228 between FY2012 and FY2025.
- Contributions and grants made up 33% of revenue in FY2012 and 15% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE MISSION OF KALAMAZOO COLLEGE IS TO PREPARE ITS GRADUATES TO BETTER UNDERSTAND, LIVE SUCCESSFULLY WITHIN, AND PROVIDE ENLIGHTENED LEADERSHIP TO A RICHLY DIVERSE AND INCREASINGLY COMPLEX WORLD.
IRS status
| Ruling year | 1939 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
- WESTERN MICHIGAN UNIVERSITY HOMER STRYKER M D SCHOOL OF MEDICINE — KALAMAZOO, MI · $133,629,473
- UNIVERSITY OF DETROIT MERCY — DETROIT, MI · $191,402,646
- CALVIN UNIVERSITY — GRAND RAPIDS, MI · $193,018,897
- HOPE COLLEGE — HOLLAND, MI · $202,053,889
- HILLSDALE COLLEGE — HILLSDALE, MI · $423,688,130
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.