Southern Assoc of Colleges and Schools Commission on Colleges Inc

Analysis

Southern Assoc of Colleges and Schools Commission on Colleges Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in October 2008, 18 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, Southern Assoc of Colleges and Schools Commission on Colleges Inc reported income of $13.5m and spending of $14.0m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $13.1m to $13.5m (+3.5%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Assoc of Colleges and Schools Commission on Colleges Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include American Youth Academy Inc ($13.5m), Workforce Outsource Services Inc ($13.5m) and Portland Christian School System Inc ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $640k (4.6% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $21.4m against liabilities of $8.9m, net assets of $12.5m. It reported 73 employees.