Accreditation Council for Pharmacy Education

Analysis

Accreditation Council for Pharmacy Education is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1941, 85 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Accreditation Council for Pharmacy Education reported income of $6.5m and spending of $5.5m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $6.5m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Accreditation Council for Pharmacy Education sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Greenville Free Medical Clinic ($6.5m), American Agape Foundation Inc ($6.5m) and Catholic Charities ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $417k (7.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $15.2m against liabilities of $5.6m, net assets of $9.6m. It reported 18 employees.