Ace Scholarships Alliance for Choice in Education

Analysis

Ace Scholarships Alliance for Choice in Education is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ace Scholarships Alliance for Choice in Education reported income of $54.8m and spending of $41.1m, leaving 25% of income unspent that year. Across the 4 years on record, from December 2019 to June 2023, income grew from $30.9m to $54.8m (+77%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ace Scholarships Alliance for Choice in 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 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Roberts Wesleyan University ($54.8m), Dunwoody College of Technology ($54.8m) and Groton School ($54.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.3m (3.1% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $86.6m against liabilities of $1.1m, net assets of $85.5m. It reported 46 employees.