Accreditation Alliance of Career Schools and Colleges

Analysis

Accreditation Alliance of Career Schools and Colleges is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in March 1995, 31 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, Accreditation Alliance of Career Schools and Colleges reported income of $7.4m and spending of $6.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.6m to $7.4m (-3.1%), an average of -0.8% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Accreditation Alliance of Career Schools and Colleges sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Atlanta Academy Inc ($7.4m), Womens Business Development Council Inc ($7.4m) and Selcat TR Fund ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $759k (12% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $28.4m against liabilities of $7.8m, net assets of $20.7m. It reported 30 employees.