American College

Analysis

American College is a registered charity in United States, based in KNG of Prussa, PA. It received its IRS tax-exemption ruling in June 1938, 88 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 December 2023, American College reported income of $36.4m and spending of $46.6m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.2m to $36.4m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Kingswood Oxford School Inc ($36.4m), Lake Forest Academy ($36.4m) and Spectrum 360 a New Jersey Nonprofit Corporation ($36.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $5.9m (13% of expenses). Other salaries and wages came to $17.4m. At year end it held assets of $89.4m against liabilities of $23.8m, net assets of $65.5m. It reported 238 employees.

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.