National College Attainment Network

Analysis

National College Attainment Network is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2002, 24 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 June 2023, National College Attainment Network reported income of $5.8m and spending of $5.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $5.8m (+104%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National College Attainment Network sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 81st percentile within DC. Charities of a similar size with the same main cause include Mason Preparatory School ($5.8m), Equal Measure ($5.8m) and P E O Educational Loan Fund ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $417k (7.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.3m against liabilities of $3.8m, net assets of $4.5m. It reported 21 employees.