National Association of Independent Colleges & Universities

Analysis

National Association of Independent Colleges & Universities is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1976, 50 years ago. 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, National Association of Independent Colleges & Universities reported income of $8.3m and spending of $7.2m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $8.3m (+20%), an average of +4.6% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Association of Independent Colleges & Universities sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 85th percentile within DC. Charities of a similar size with the same main cause include Central Wyoming Hospice Program ($8.3m), Mantachie Rural Health Care Inc ($8.3m) and El Centro de Amistad Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $920k (13% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $17.9m against liabilities of $5.5m, net assets of $12.4m. It reported 21 employees.