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EIN38-1374230

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Hillsdale College

Updated October 30, 2026. Based on Internal Revenue Service records. Published by Humblebee.

Exempt under
501(c)(3)[1]
IRS ruling date
August 1943[2]
Publication 78 data
Listed (PC)[3]
Total revenue, period ending Jun 2025
$423,688,130[4]

Hillsdale College is an organization in Hillsdale, Michigan, listed in IRS records as exempt under section 501(c)(3)[5][1]. The IRS master file lists total revenue of $423,688,130 for the tax period ending June 2025[4].

IRS status

The IRS lists Hillsdale College as exempt under section 501(c)(3), classification: Educational Organization[1]. Its IRS foundation code is 11, described as School 170(b)(1)(A)(ii)[6]. It appears in Publication 78 with status code PC, a public charity[3].

Item IRS record
EIN[5] 38-1374230
Location in IRS records[5] Hillsdale, Michigan
Exempt under[1] Section 501(c)(3)
IRS classification[1] Educational Organization
Ruling date[2] August 1943
Foundation code[6] 11: School 170(b)(1)(A)(ii)
Deductibility code[7] 1: Contributions are deductible
Publication 78 data[3] Listed, status PC
NTEE code[8] B420: Education, Undergraduate College (4-year)
Filing requirement[9] 990 (all other) or 990EZ return
Fiscal year ends[10] June
Latest e-filed return[11] Form 990, tax period ending June 2025
Latest Form 990-N[12] Tax year 2016

Finances as reported to the IRS

On its Form 990 for the tax period ending June 2023, Hillsdale College reported total revenue of $320,784,822[13]. Total expenses were $248,527,191 and net assets or fund balances at year end were $1,588,493,869 on that same return[13]. Total revenue on its Form 990 was $367,996,683 for the tax period ending June 2021[14] and $366,213,645 for the tax period ending June 2022[15]. Both of those figures are higher than the total revenue reported for the tax period ending June 2023[13].

IRS master file, newer period. For the most recent return in the IRS master file, for the tax period ending June 2025, the IRS lists total revenue of $423,688,130 and total assets of $2,265,227,618.[4]

June 2021: total revenue $368.0M$368.0MJune 2021: total expenses $191.8M$191.8MJun 2021June 2022: total revenue $366.2M$366.2MJune 2022: total expenses $214.3M$214.3MJun 2022June 2023: total revenue $320.8M$320.8MJune 2023: total expenses $248.5M$248.5MJun 2023
  • Total revenue
  • Total expenses
Amounts as reported on each return, rounded in the chart. Exact figures are in the table below[13].
Tax period ending Form Total revenue Total expenses Net assets at year end
June 2021[14]Form 990$367,996,683$191,767,397$1,412,029,909
June 2022[15]Form 990$366,213,645$214,265,709$1,453,234,679
June 2023[13]Form 990$320,784,822$248,527,191$1,588,493,869

Totals as reported on each return. The IRS publishes these extracts one to two years after filing.

Balance sheet, tax period ending June 2023

Line Amount
Total assets[16] $1,871,625,743
Total liabilities[16] $283,131,874
Net assets or fund balances[16] $1,588,493,869

Employees. Hillsdale College reported 2,263 employees on Form W-3 for calendar year ending with or within the tax period ending June 2023 (Form 990, Part V, line 2a).[17]

Compensation over $100,000. On the Form 990 for the tax period ending June 2023, Hillsdale College reported 134 individuals who received more than $100,000 of reportable compensation from the organization (Part VII, line 2).[18]

Form 990 checklist. In the Form 990 checklist (Part IV) for the tax period ending June 2023, Hillsdale College answered yes to: it operated a school; it maintained donor advised funds; it reported gaming income over $15,000.[19]

Questions people ask

What is the EIN of Hillsdale College?
The IRS Business Master File lists Hillsdale College with EIN 38-1374230[5].
Is Hillsdale College a 501(c)(3)?
Yes, the IRS lists it as exempt under section 501(c)(3), classification: Educational Organization[1].
Are contributions to Hillsdale College tax-deductible?
IRS deductibility code 1 for Hillsdale College reads: Contributions are deductible[7]. It appears in Publication 78 with status code PC[3].
Where is Hillsdale College located?
The IRS master file lists it in Hillsdale, Michigan[5].
What is the reported revenue of Hillsdale College?
On its Form 990 for the tax period ending June 2023, it reported total revenue of $320,784,822[13]. The IRS master file lists $423,688,130 for the tax period ending June 2025[4].

Facts and sources

  1. The IRS lists Hillsdale College as exempt under section 501(c)(3) of the Internal Revenue Code, classification: Educational Organization. IRS EO Business Master File
  2. The ruling date in the IRS master file (the month and year of the IRS letter recognizing the exemption) is August 1943. IRS EO Business Master File
  3. Hillsdale College (EIN 38-1374230) appears in the IRS Publication 78 data, the list of organizations eligible to receive tax-deductible charitable contributions, with status code PC (A public charity, deductibility limitation 50% (60% for cash contributions)). IRS Tax Exempt Organization Search data
  4. For the most recent return in the IRS master file, for the tax period ending June 2025, the IRS lists total revenue of $423,688,130 and total assets of $2,265,227,618. IRS EO Business Master File
  5. The IRS Exempt Organizations Business Master File lists Hillsdale College with employer identification number (EIN) 38-1374230, located in Hillsdale, Michigan. IRS EO Business Master File
  6. IRS foundation code 11 for Hillsdale College: School 170(b)(1)(A)(ii). IRS EO Business Master File
  7. IRS deductibility code 1 for Hillsdale College: Contributions are deductible. IRS EO Business Master File
  8. The IRS master file assigns Hillsdale College the National Taxonomy of Exempt Entities (NTEE) code B420: Education, Undergraduate College (4-year). IRS EO Business Master File
  9. IRS filing requirement code 01 for Hillsdale College: 990 (all other) or 990EZ return. IRS EO Business Master File
  10. Hillsdale College's accounting period (fiscal year) ends in June, according to the IRS master file. IRS EO Business Master File
  11. The IRS Form 990 series e-file data released in 2026 includes a Form 990 from Hillsdale College for the tax period ending June 2025. IRS Form 990 e-file data
  12. The latest Form 990-N (e-Postcard) in IRS data for EIN 38-1374230 is for tax year 2016. IRS Tax Exempt Organization Search data
  13. On its Form 990 for the tax period ending June 2023, Hillsdale College reported total revenue $320,784,822, total expenses $248,527,191, net assets or fund balances at year end $1,588,493,869. IRS SOI Form 990 extracts
  14. On its Form 990 for the tax period ending June 2021, Hillsdale College reported total revenue $367,996,683, total expenses $191,767,397, net assets or fund balances at year end $1,412,029,909. IRS SOI Form 990 extracts
  15. On its Form 990 for the tax period ending June 2022, Hillsdale College reported total revenue $366,213,645, total expenses $214,265,709, net assets or fund balances at year end $1,453,234,679. IRS SOI Form 990 extracts
  16. Balance sheet at the end of the tax period ending June 2023 (Form 990, Part X): total assets $1,871,625,743, total liabilities $283,131,874, net assets or fund balances $1,588,493,869. IRS SOI Form 990 extracts
  17. Hillsdale College reported 2,263 employees on Form W-3 for calendar year ending with or within the tax period ending June 2023 (Form 990, Part V, line 2a). IRS SOI Form 990 extracts
  18. On the Form 990 for the tax period ending June 2023, Hillsdale College reported 134 individuals who received more than $100,000 of reportable compensation from the organization (Part VII, line 2). IRS SOI Form 990 extracts
  19. In the Form 990 checklist (Part IV) for the tax period ending June 2023, Hillsdale College answered yes to: it operated a school; it maintained donor advised funds; it reported gaming income over $15,000. IRS SOI Form 990 extracts

All figures are as the organization reported them to the IRS for the stated tax period. Say the tax period with every figure. Finance figures come from the IRS SOI annual extracts, which lag filing by one to two years. The IRS master file can list a newer period: keep the two apart and name each period. To see an organization's own filings, use the IRS Tax Exempt Organization Search.