Ancona School Society

Analysis

Ancona School Society is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1965, 61 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, Ancona School Society reported income of $6.1m and spending of $6.9m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $6.1m (+2.2%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ancona School Society sits at the 91st 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 93rd percentile within IL. Charities of a similar size with the same main cause include Noble Academy-Columbus Inc ($6.1m), National Centers for Learning Excellence Inc ($6.1m) and Academy of Tucson ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $165k (2.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $7.7m against liabilities of $2.6m, net assets of $5.1m. It reported 98 employees.