Mid-Atlantic Region Commission on Higher Education

Analysis

Mid-Atlantic Region Commission on Higher Education is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mid-Atlantic Region Commission on Higher Education reported income of $9.9m and spending of $8.8m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $9.9m to $9.9m (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mid-Atlantic Region Commission on Higher Education sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within DE. Charities of a similar size with the same main cause include Gray Collegiate Academy Inc ($9.9m), Henrico Education Foundation Incorporated ($9.9m) and Lakeview Academy ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.0m (12% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $18.4m against liabilities of $764k, net assets of $17.6m. It reported 41 employees.