Association for Career and Techinical Education Inc

Analysis

Association for Career and Techinical Education Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in May 2010, 16 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 2024, Association for Career and Techinical Education Inc reported income of $9.3m and spending of $8.8m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.8m to $9.3m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association for Career and Techinical Education Inc 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 95th percentile within VA. Charities of a similar size with the same main cause include Epic Academy ($9.3m), Lake Center Christian School ($9.3m) and Pacific East Quality Education ($9.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.8% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $326k (3.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $12.4m against liabilities of $2.9m, net assets of $9.5m. It reported 39 employees.