Atlantic Council of the U S Inc

Analysis

Atlantic Council of the U S Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1961, 65 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Atlantic Council of the U S Inc reported income of $63.6m and spending of $71.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $68.0m to $63.6m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Atlantic Council of the U S Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within DC. Charities of a similar size with the same main cause include Amnesty International of the USA Inc ($63.1m), Aga Khan Foundation USA ($64.9m) and American Institute in Taiwan ($62.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $3.4m (4.8% of expenses). Other salaries and wages came to $26.7m. At year end it held assets of $89.7m against liabilities of $28.1m, net assets of $61.7m. It reported 370 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.