American Council on Education

Analysis

American Council on Education is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1936, 90 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 September 2023, American Council on Education reported income of $39.7m and spending of $35.9m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $42.7m to $39.7m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to September 2020, when income dropped by 21%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Council on Education sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within DC. Charities of a similar size with the same main cause include Utah Valley University Foundation Inc ($39.7m), Winsor School Inc ($39.8m) and Freedom Preparatory Academy Inc ($39.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 26% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $3.5m (9.7% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $88.1m against liabilities of $19.7m, net assets of $68.4m. It reported 163 employees.