Association of Governing Boards of Universities and Colleges

Analysis

Association of Governing Boards of Universities and Colleges is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1952, 74 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 June 2024, Association of Governing Boards of Universities and Colleges reported income of $16.8m and spending of $16.4m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $13.2m to $16.8m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association of Governing Boards of Universities and 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 Bridges Public Charter School ($16.8m), Seed Public Charter School of Washington D C ($16.8m) and Boys Latin of Philadelphia Charter School ($16.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.7% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $3.0m (18% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $24.4m against liabilities of $10.5m, net assets of $13.9m. It reported 52 employees.