American Career College Educational Foundation

Analysis

American Career College Educational Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Career College Educational Foundation reported income of $3.0m and spending of $2.4m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.0m (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Career College Educational Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Coastal High School ($3.0m), Denovo Inc ($3.0m) and Colleton Preparatory Academy Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.2m against liabilities of $241k, net assets of $919k. It reported 30 employees.