Kalamazoo College
Kalamazoo College reported $122.0 million in revenue and $130.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.79 went to program services, $15.67 to management and general costs and $2.54 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 76.0% of the total. The highest compensation it reported for one person was $539,744 (PRESIDENT). 46 people received more than $100,000 in reportable compensation. Revenue rose 26% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $131MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $122MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.18 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 15.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.7% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 76.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $539,744 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.41% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 46 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 37.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 31 of 32 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHigher education: 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. As a highly selective, nationally renowned and internationally oriented four-year college of arts and sciences, Kalamazoo College has developed a tradition of excellence in the fulfillment of this mission. College enrollment for the fall quarter of 2024 was 1,320 students
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.0 hrs/week | $489,099 | $0 | $50,645 | $539,744 |
| VP COLLEGE ADVANCEMENT Officer, 40.0 hrs/week | $251,987 | $0 | $45,601 | $297,588 |
| VP FOR BUSINESS AND FINANCE, ASSISTANT TREASURER Officer, 40.0 hrs/week | $232,660 | $0 | $41,834 | $274,494 |
| PROVOST Officer, 40.0 hrs/week | $213,506 | $0 | $42,867 | $256,373 |
| VP FOR STUDENT DEVELOPMENT Officer, 40.0 hrs/week | $196,548 | $0 | $41,779 | $238,327 |
| VP ADMISSION AND FINANCIAL AID Officer, 40.0 hrs/week | $191,977 | $0 | $24,557 | $216,534 |
| Associate Vice President & Chief Info. Officer Highest compensated employee, 40.0 hrs/week | $148,611 | $0 | $38,631 | $187,242 |
| Luce Professor of Complex Systems Studies Highest compensated employee, 40.0 hrs/week | $137,553 | $0 | $32,329 | $169,882 |
46 people received more than $100,000 in reportable compensation from Kalamazoo College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b32 · 31 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,332
- Volunteers Part I, line 670
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CAMBRIDGE ASSOCIATES LLC Investment services | $480,901 |
| MILLER JOHNSON SNELL CUMMISKEY PLC Legal services | $207,552 |
| PLANTE MORAN PLLC Auditing services | $106,300 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
43 private foundations reported grants to Kalamazoo College totaling $870K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Kalamazoo College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Kalamazoo College, you can publish a response that is linked from this page.
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Of every $100 Kalamazoo College spent in FY2025, $81.79 went to programs. The full breakdown, from its IRS Form 990:
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- Day 1 AcademiesMercer Island, WA · revenue $122M · programs 77.5% · 2024
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- Catalyst FamilyMorgan Hill, CA · revenue $122M · programs 88.0% · FY2025
- The Taft School CorporationWatertown, CT · revenue $123M · programs 82.4% · FY2025
- Saint Mary's UniversityCanada, · revenue $122M · programs 81.3% · FY2025
Questions people ask
How much of Kalamazoo College's spending goes to programs?
In the fiscal year ending June 30, 2025, Kalamazoo College reported that 81.8% of its $130.9 million in expenses went to program services, 15.7% to management and general and 2.5% to fundraising (Form 990, Part IX).
How much does Kalamazoo College pay its top executive?
The largest total compensation Kalamazoo College reported for one person in the fiscal year ending June 30, 2025 was $539,744, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Kalamazoo College get its money?
Of $122.0 million in revenue in the fiscal year ending June 30, 2025, 15.4% came from contributions and grants (including 0.7% from government grants) and 76.0% from program service revenue (Form 990, Part VIII).
Is Kalamazoo College a registered charity?
The IRS lists EIN 38-1358014 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601339349301670 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500859349300730 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421279349303077 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320699349301652 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200779349301315 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202130719349300243 · read the filing
All filings for EIN 38-1358014: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.