Graduate Management Admission Council

Analysis

Graduate Management Admission Council is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Graduate Management Admission Council reported income of $63.7m and spending of $73.9m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $95.4m to $63.7m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Graduate Management Admission Council sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include South Dakota State University Foundation ($63.7m), Folds of Honor Foundation ($63.8m) and McCallie School Inc ($63.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $5.1m (6.8% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $191.1m against liabilities of $26.5m, net assets of $164.6m. It reported 116 employees.