American Association of State Colleges and Universities

Analysis

American Association of State Colleges and Universities is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1970, 56 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, American Association of State Colleges and Universities reported income of $24.2m and spending of $14.3m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.6m to $24.2m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 113%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Association of State Colleges and Universities sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include Joseph & Florence Mandel Jewish Day School ($24.2m), Cleary University ($24.2m) and Quad Preparatory School ($24.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $2.3m (16% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $42.0m against liabilities of $7.7m, net assets of $34.2m. It reported 41 employees.