SPELMAN COLLEGE
350 SPELMAN LN SW, ATLANTA, GA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $174,023,542 | $186,365,679 | $964,084,785 |
| FY2024 | $288,422,165 | $171,469,550 | $927,817,695 |
| FY2023 | $194,372,216 | $160,810,189 | $798,882,652 |
| FY2022 | $204,393,744 | $145,583,655 | $749,310,686 |
| FY2021 | $182,970,731 | $117,097,563 | $777,623,877 |
| FY2020 | $194,986,172 | $123,089,218 | $589,388,129 |
| FY2019 | $136,754,272 | $118,980,032 | $540,728,829 |
| FY2018 | $168,157,416 | $119,244,779 | $526,545,540 |
| FY2017 | $119,004,095 | $113,859,315 | $469,228,640 |
| FY2016 | $117,077,988 | $113,446,305 | $447,623,674 |
| FY2015 | $137,519,279 | $111,492,523 | $459,224,387 |
| FY2014 | $127,021,562 | $102,546,611 | $464,065,177 |
| FY2013 | $123,964,406 | $103,414,782 | $413,201,585 |
| FY2012 | $118,606,685 | $102,086,586 | $390,089,797 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $43,952,012 | 27% |
| Program service revenue | $116,111,007 | 73% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $145,538,526 | 78% |
| Management & general | $32,760,607 | 18% |
| Fundraising | $8,066,546 | 4% |
What the numbers show
- Program service revenue made up 73% of total revenue in FY2025.
- Program services accounted for 78% of functional expenses, management & general 18%, and fundraising 4%.
- 78% of functional expenses went to program services in FY2025. That is higher than 19.8% of 131 Education organizations in GA.
- Net assets covered about 62.1 months of expenses at the end of the reporting year. That puts it in the 88th percentile among 1589 Education organizations in GA.
- Total revenue was higher than 99.2% of 1638 Education organizations in GA.
- Total revenue rose from $118,606,685 in FY2012 to $174,023,542 in FY2025, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2025).
- The highest revenue on record here is $288,422,165 in FY2024.
- Net assets grew from $390,089,797 to $964,084,785 between FY2012 and 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
SPELMAN COLLEGE, A HISTORICALLY BLACK COLLEGE AND GLOBAL LEADER IN THE EDUCATION OF WOMEN OF AFRICAN DESCENT, IS DEDICATED TO THE ACADEMIC EXCELLENCE OF ITS STUDENTS.
IRS status
| Ruling year | 1942 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education (in GA) |
| 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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