Advertising Council Inc

Analysis

Advertising Council Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1948, 78 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, Advertising Council Inc reported income of $71.8m and spending of $65.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $51.2m to $71.8m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 132%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advertising Council Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include St Josephs Hospital and Health Center ($71.8m), Service Coordination Inc ($71.9m) and Wu Yee Childrens Services ($71.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $6.7m (10% of expenses). Other salaries and wages came to $16.9m. At year end it held assets of $92.6m against liabilities of $25.8m, net assets of $66.8m. It reported 192 employees.