HILLSDALE COLLEGE
33 E COLLEGE ST, HILLSDALE, MI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $423,688,130 | $292,735,155 | $1,949,100,954 |
| FY2024 | $394,153,037 | $270,721,431 | $1,742,554,338 |
| FY2023 | $320,784,822 | $248,527,191 | $1,588,493,869 |
| FY2022 | $366,213,645 | $214,265,709 | $1,453,234,679 |
| FY2021 | $367,996,683 | $191,767,397 | $1,412,029,909 |
| FY2020 | $287,422,849 | $172,808,580 | $1,125,414,535 |
| FY2019 | $210,643,421 | $166,228,751 | $1,056,667,404 |
| FY2018 | $219,356,427 | $151,999,759 | $1,011,256,162 |
| FY2016 | $172,784,501 | $129,460,737 | $807,177,440 |
| FY2015 | $200,352,549 | $129,853,793 | $806,575,351 |
| FY2014 | $181,165,251 | $118,464,216 | $766,373,101 |
| FY2013 | $212,280,691 | $104,546,138 | $666,560,751 |
| FY2012 | $103,985,949 | $101,783,740 | $543,581,917 |
| FY2011 | $98,168,716 | $90,876,149 | $563,620,587 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $297,205,968 | 79% |
| Program service revenue | $77,452,651 | 21% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $175,649,484 | 60% |
| Management & general | $36,643,044 | 13% |
| Fundraising | $80,442,627 | 27% |
What the numbers show
- Contributions & grants made up 79% of total revenue in FY2025.
- Program services accounted for 60% of functional expenses, management & general 13%, and fundraising 27%.
- 60% of functional expenses went to program services in FY2025. That is higher than 1.6% of 63 Education organizations in MI.
- Net assets covered about 79.9 months of expenses at the end of the reporting year. That puts it in the 77th percentile among 1364 Education organizations in MI.
- Total revenue was higher than 100.1% of 1395 Education organizations in MI.
- Total revenue rose from $98,168,716 in FY2011 to $423,688,130 in FY2025, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2025.
- Net assets grew from $563,620,587 to $1,949,100,954 between FY2011 and FY2025.
- Contributions and grants made up 46% of revenue in FY2011 and 70% 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
HILLSDALE COLLEGE IS A PRIVATE LIBERAL ARTS COLLEGE WITH APPROXIMATELY 1,500 STUDENTS.
IRS status
| Ruling year | 1943 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education |
| Donations | Donations are generally tax-deductible (public charity). |
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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.
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