Education (B420) IRS Verified DX Registered 990 on File

ADRIAN COLLEGE

EIN: 38-1357980 · ADRIAN, MI 49221-2518 · United States · FY 2023 Data

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

Financial strength (30%) 87/100

Reliability (20%) 35/100

Effectiveness (25%) 100/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

Adrian College, a liberal arts College in the United Methodist tradition, is committed to the pursuit of truth and to the dignity of all people. Through active and creative learning in a supportive community, students are challenged to achieve excellence in their academic, personal, and professional lives, and to contribute to a more socially just society.

Financial Overview — FY 2023

$104.8M

Total Revenue

$95.1M

Total Expenses

$114.1M

Net Assets

1149

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 92.0%

Fundraising Efficiency N/A

Operating Reserve 14.39x

Liability-to-Asset 35.8%

Revenue Diversification 80.8%

Executive Compensation $1.2M

Compared with Peers

FY 2023

Compared with 3,578 similar organizations (United States, Education, $10M–$100M in expenses), FY 2023.

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	92.0%	84.4%	P10P90	Top quarter
Admin expense ratio Management and general / total expenses · lower is better	7.6%	13.5%	P10P90	Top quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.3%	0.7%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	14.4 mo	10.9 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	35.8%	34.2%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	80.8%	87.3%	P10P90	Above median
Revenue growth Year over year revenue growth	7.4%	4.8%	P10P90
Expense growth Year over year expense growth	-4.0%	8.5%	P10P90
Surplus margin Surplus as a share of revenue	9.2%	2.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$104.8M	$95.1M	$114.1M	92.0%	1149
2022	$97.5M	$99.1M	$100.6M	92.5%	1138
2021	$97.3M	$88.7M	N/A	—	1250

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Organization Details

EIN: 38-1357980
State: MI
City: ADRIAN
ZIP: 49221-2518
Classification: B420
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1859
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

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