Education (B420) IRS Verified DX Registered 990 on File

KALAMAZOO COLLEGE

EIN: 38-1358014 · KALAMAZOO, MI 49006-3268 · United States · FY 2024 Data

3 out of 5 58 / 100 Based on 2+ years of filings

Financial strength (30%) 84/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

Kalamazoo College's mission is to prepare our graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world.

Financial Overview — FY 2024

$143.1M

Total Revenue

$128.6M

Total Expenses

$389.6M

Net Assets

1347

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 80.8%

Fundraising Efficiency 8585.0%

Operating Reserve 36.37x

Liability-to-Asset 13.5%

Revenue Diversification 64.9%

Executive Compensation $2.1M

Compared with Peers

FY 2024

Compared with 263 similar organizations (United States, Education, $100M and over in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	80.8%	87.2%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	16.6%	10.8%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	2.7%	1.3%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	8585.0%	4794.8%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	36.4 mo	18.4 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	13.5%	27.3%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	64.9%	86.1%	P10P90	Top quarter
Revenue growth Year over year revenue growth	16.1%	6.4%	P10P90
Expense growth Year over year expense growth	7.8%	6.1%	P10P90
Surplus margin Surplus as a share of revenue	10.2%	1.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$143.1M	$128.6M	$389.6M	80.8%	1347
2023	$123.3M	$119.3M	$350.5M	83.0%	1333
2022	$129.8M	$109.9M	$334.0M	89.5%	1233
2021	$112.6M	$100.3M	N/A	—	1248

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Organization Details

EIN: 38-1358014
State: MI
City: KALAMAZOO
ZIP: 49006-3268
Classification: B420
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1833
Foundation Code: 11
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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