American Schools Abroad Inc

Analysis

American Schools Abroad Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in December 1967, 59 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, American Schools Abroad Inc reported income of $13.0m and spending of $14.0m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.2m to $13.0m (+28%), an average of +6.3% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Schools Abroad Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include Inpact Inc ($13.0m), Raymond and Ruth Perelman Jewish Day School ($13.0m) and Plus Co Inc ($13.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $393k (2.8% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $18.0m against liabilities of $15.9m, net assets of $2.1m.