Student Aces Inc

Analysis

Student Aces Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in September 2013, 13 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 September 2023, Student Aces Inc reported income of $1.0m and spending of $1.3m, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $899k to $1.0m (+16%), an average of +3.7% a year. The sharpest change came in the year to September 2020, when income rose by 68%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Student Aces Inc 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 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include High Country Christian Education Ministries ($1.0m), Broward Public Library Foundation ($1.0m) and Santa Cruz Valley Opportunities in Education Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $121k (9.2% of expenses). Other salaries and wages came to $358k. At year end it held assets of $1.4m against liabilities of $184k, net assets of $1.2m. It reported 13 employees.