Association of Independent Colleges & Universities of Pennsylvania

Analysis

Association of Independent Colleges & Universities of Pennsylvania is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Association of Independent Colleges & Universities of Pennsylvania reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $2.4m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. 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, Association of Independent Colleges & Universities of Pennsylvania sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Living Wisdom School of Palo Alto ($2.4m), Boilermakers Local 549 Apprenticeship and Training Fund ($2.4m) and Peconic Community School ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $955k (42% of expenses). Other salaries and wages came to $269k. At year end it held assets of $5.1m against liabilities of $1.5m, net assets of $3.6m. It reported 11 employees.