The American College of the Mediterranean

Analysis

The American College of the Mediterranean is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, The American College of the Mediterranean reported income of $16.6m and spending of $14.0m, spending 84% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $367k to $16.6m (+4418%), an average of +159% a year. The sharpest change came in the year to July 2022, when income rose by 4231%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The American College of the Mediterranean 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 96th percentile within AZ. Charities of a similar size with the same main cause include American Dream Charter School ($16.6m), American Association of Community Colleges ($16.6m) and University School of Jackson ($16.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $914k (6.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $15.5m against liabilities of $2.7m, net assets of $12.9m. It reported 29 employees.