The American College of Greece

Analysis

The American College of Greece is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1964, 62 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The American College of Greece reported income of $69.2m and spending of $73.5m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $57.4m to $69.2m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The American College of Greece sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Population Council Inc ($67.2m), Escuela Agricola Panamericana ($69.5m) and Feed My Starving Children ($66.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $271k (0.4% of expenses). Other salaries and wages came to $27.9m. At year end it held assets of $96.6m against liabilities of $45.0m, net assets of $51.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.