Amerion College Inc

Analysis

Amerion College Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in July 2022, 4 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 June 2024, Amerion College Inc reported income of $2.5m and spending of $2.6m, spending 102% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $448k to $2.5m (+460%), an average of +137% a year. The sharpest change came in the year to June 2023, when income rose by 267%. Over the whole period it spent 128% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Amerion College Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within WV. Charities of a similar size with the same main cause include Theodore R and Thelma a Gibson Charter School Inc ($2.5m), Friends of Hancock Park School ($2.5m) and Renton Technical College Foundation ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.7m against liabilities of $3.0m, net assets of -$1.3m. It reported 30 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.