Aquinas College Inc
1700 Fulton St E, Grand Rapids, MI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $59,580,396 | $61,128,137 | $86,067,086 |
| FY2024 | $57,216,114 | $61,505,561 | $86,398,236 |
| FY2023 | $52,349,488 | $62,364,652 | $87,030,568 |
| FY2022 | $60,566,331 | $62,222,103 | $92,424,341 |
| FY2021 | $65,312,354 | $59,946,129 | $103,768,235 |
| FY2020 | $57,861,871 | $61,599,079 | $91,582,267 |
| FY2019 | $58,852,733 | $62,211,496 | $94,587,486 |
| FY2018 | $64,923,645 | $61,439,544 | $96,731,554 |
| FY2017 | $69,568,190 | $58,565,714 | $90,662,464 |
| FY2016 | $67,267,485 | $60,689,521 | $75,300,734 |
| FY2015 | $66,808,189 | $60,452,496 | $68,240,915 |
| FY2014 | $65,750,672 | $59,294,358 | $65,380,958 |
| FY2013 | $61,546,532 | $59,468,971 | $56,078,328 |
| FY2012 | $65,824,753 | $57,471,420 | $51,873,523 |
Form 990 filings
The returns filed by Aquinas College Inc (EIN 38-1367080), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $8,322,343 | 14% |
| Program service revenue | $47,498,329 | 80% |
| Other revenue | $3,759,724 | 6% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $51,538,926 | 84% |
| Management & general | $8,648,584 | 14% |
| Fundraising | $940,627 | 2% |
What the numbers show
- Program service revenue made up 80% of total revenue in FY2025.
- Program services accounted for 84% of functional expenses, management & general 14%, and fundraising 2%.
- 84% of functional expenses went to program services in FY2025. That is higher than 55.6% of 63 Education organizations in MI.
- Net assets covered about 16.9 months of expenses at the end of the reporting year. That puts it in the 48th percentile among 1365 Education organizations in MI.
- Total revenue was higher than 98.8% of 1396 Education organizations in MI.
- Total revenue fell from $65,824,753 in FY2012 to $59,580,396 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2019, FY2020, FY2022, FY2023, FY2024, FY2025).
- The highest revenue on record here is $69,568,190 in FY2017.
- Net assets grew from $51,873,523 to $86,067,086 between FY2012 and FY2025.
- Contributions and grants made up 19% of revenue in FY2012 and 14% in FY2025.
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
AQUINAS COLLEGE STRIVES TO BE AMONG THE PREMIER CATHOLIC COLLEGES IN THE MIDWEST RECOGNIZED FOR ITS EXCELLENCE IN PREPARING THE WHOLE PERSON TO LEAD A LIFE OF PURPOSE AND SUCCESS.
IRS status
| Ruling year | 1946 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in MI) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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.
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