American College of Surgeons

Analysis

American College of Surgeons is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1939, 87 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, American College of Surgeons reported income of $129.5m and spending of $139.9m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $121.4m to $129.5m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to June 2023, when income dropped by 15%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American College of Surgeons sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Harvard Management Company Inc ($128.7m), Desales University ($129.5m) and Ohba Ohio Virtual Academy ($128.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $2.5m (1.8% of expenses). Other salaries and wages came to $52.2m. At year end it held assets of $678.4m against liabilities of $201.8m, net assets of $476.6m. It reported 475 employees.