Council of Independent Colleges

Analysis

Council of Independent Colleges is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1957, 69 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Council of Independent Colleges reported income of $16.3m and spending of $17.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.1m to $16.3m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Council of Independent Colleges sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 92nd percentile within DC. Charities of a similar size with the same main cause include Starlight Childrens Foundation ($16.3m), St Josephs Catholic School Inc ($16.3m) and American Civil Liberties Union Foundation of Northern California ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $2.2m (13% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $88.3m against liabilities of $28.9m, net assets of $59.4m. It reported 38 employees.