Atlantic Coast Conference

Analysis

Atlantic Coast Conference is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1955, 71 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Atlantic Coast Conference reported income of $706.6m and spending of $694.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $455.4m to $706.6m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Atlantic Coast Conference sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Pac-12 Conference ($603.9m), Southeastern Conference ($852.6m) and Elderhostel Inc ($383.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $5.8m (0.8% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $275.5m against liabilities of $211.2m, net assets of $64.3m. It reported 53 employees.