Associated Colleges of the Midwest Inc

Analysis

Associated Colleges of the Midwest Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1965, 61 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 June 2023, Associated Colleges of the Midwest Inc reported income of $1.7m and spending of $2.2m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $1.7m (-54%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 98%. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Associated Colleges of the Midwest Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Midvalley Recovery Facilities Inc ($1.7m), Pine Mountain Settlement School ($1.7m) and Tatman Village Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 36% of the total. Compensation of current officers, directors and key employees was $560k (26% of expenses). Other salaries and wages came to $222k. At year end it held assets of $16.6m against liabilities of $531k, net assets of $16.1m. It reported 9 employees.