American Association of Community Colleges

Analysis

American Association of Community Colleges is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1951, 75 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 December 2023, American Association of Community Colleges reported income of $16.6m and spending of $18.8m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.6m to $16.6m (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 98% 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 Community Colleges sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 92nd percentile within DC. Charities of a similar size with the same main cause include The American College of the Mediterranean ($16.6m), Army & Navy Academy ($16.6m) and American Dream Charter School ($16.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $3.7m (20% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $24.5m against liabilities of $14.3m, net assets of $10.2m. It reported 33 employees.