American Center for Education and Testing Inc

Analysis

American Center for Education and Testing Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, American Center for Education and Testing Inc reported income of $162k and spending of $99k, leaving 39% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $48k to $162k (+239%), an average of +239% a year. The sharpest change came in the year to June 2023, when income rose by 239%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Center for Education and Testing Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 26th percentile within DC. Charities of a similar size with the same main cause include Kingdom Builders Christian School ($162k), Comets Booster Club ($162k) and Heroes in Waiting Inc ($162k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $125k against liabilities of $1.3m, net assets of -$1.1m.