Associated Colleges of the South Inc

Analysis

Associated Colleges of the South Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 1992, 34 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, Associated Colleges of the South Inc reported income of $1.1m and spending of $1.6m, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $881k to $1.1m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 188%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Associated Colleges of the South Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Association of Latino Administrators and Superintendents ($1.1m), Hill County Christian Academy ($1.1m) and Prosperitas Leadership Academy Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $392k (24% of expenses). Other salaries and wages came to $109k. At year end it held assets of $5.5m against liabilities of $347k, net assets of $5.2m.