Advocates for Academic Excellence in Education Inc

Analysis

Advocates for Academic Excellence in Education Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Advocates for Academic Excellence in Education Inc reported income of $14.7m and spending of $13.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.4m to $14.7m (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Advocates for Academic Excellence in Education Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Ers Strategic Properties Inc ($14.7m), Tulsa Christian Education Corporation ($14.7m) and Norfolk Collegiate School ($14.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $399k (2.9% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $9.0m against liabilities of $696k, net assets of $8.3m. It reported 160 employees.