Council of Colleges of Arts & Sciences

Analysis

Council of Colleges of Arts & Sciences is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in June 1969, 57 years ago. 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 December 2023, Council of Colleges of Arts & Sciences reported income of $874k and spending of $1.0m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $944k to $874k (-7.4%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Council of Colleges of Arts & Sciences sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Marathi Vishwa ($874k), Jewish Federation of El Paso ($874k) and Fort Scott Community College Foundation ($873k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Other salaries and wages came to $220k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.