American School of Correspondence

Analysis

American School of Correspondence is a registered charity in United States, based in Lansing, IL. It received its IRS tax-exemption ruling in August 1927, 99 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, American School of Correspondence reported income of $4.5m and spending of $4.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.9m to $4.5m (-44%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American School of Correspondence sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Northwest Ohio Classical Academy ($4.5m), School of Imagination Inc ($4.5m) and Multicultural Academy Charter School ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $213k (4.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.0m against liabilities of $839k, net assets of $7.1m. It reported 69 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.