Art Center College of Design

Analysis

Art Center College of Design is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in February 1951, 75 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 2023, Art Center College of Design reported income of $145.0m and spending of $149.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $132.6m to $145.0m (+9.3%), an average of +2.2% a year. 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, Art Center College of Design sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include American Leadership Academy Inc ($144.9m), Bellevue University ($145.5m) and Colorado Christian University ($144.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.6m (1.7% of expenses). Other salaries and wages came to $57.0m. It paid $33k in professional fundraising fees. At year end it held assets of $392.6m against liabilities of $169.8m, net assets of $222.8m. It reported 2,151 employees.