Education (B82) IRS Verified DX Registered 990 on File

ALLIANCE FOR CHOICE IN EDUCATION

EIN: 84-1531066 · GREENWOOD VLG, CO 80111-2732 · United States · FY 2024 Data

4 out of 5 75 / 100 Based on 2+ years of filings

Financial strength (30%) 73/100

Reliability (20%) 55/100

Effectiveness (25%) 97/100

Impact (25%) 70/100

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

Mission: To provide children of lower-income families with scholarships to private schools in grades K-12, and to advocate for expanded school choice. Vision: That every child has equal access to a quality education.

Financial Overview — FY 2024

$59.5M

Total Revenue

$58.1M

Total Expenses

$86.2M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 88.4%

Fundraising Efficiency 4231.3%

Operating Reserve 17.78x

Liability-to-Asset 1.1%

Revenue Diversification 93.0%

Executive Compensation $1.4M

Compared with Peers

FY 2024

Compared with 1,943 similar organizations (United States, Education, $10M–$100M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	88.4%	84.6%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	3.4%	13.3%	P10P90	Top quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	8.3%	0.7%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	4231.3%	550.2%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	17.8 mo	10.6 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	1.1%	31.2%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	93.0%	88.3%	P10P90	Below median
Revenue growth Year over year revenue growth	8.6%	7.9%	P10P90
Expense growth Year over year expense growth	41.4%	7.4%	P10P90
Surplus margin Surplus as a share of revenue	2.3%	3.0%	P10P90

Impact

4 programs

Outcome / Program	People Served	Cost / Service	# Completed	Duration
Low-Income, K-12 Students Able to Enroll in Quality Private Schools with Scholarships from ACE	15,762	$2,654.00	80,144	Per Year
Low-Income, K-12 Female Students Able to Enroll in Quality Private Schools with ACE scholarships	7,881	$2,654.00	40,072	Per Year
Low-Income, K-12 Students Able to Enroll in Quality Private Schools with Scholarships from ACE	15,762	$2,654.00	80,144	Per Year
Low-Income, K-12 Students of a Diverse Background Able to Enroll in Quality Private Schools	11,597	$2,654.00	46,478	Per Year

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$59.5M	$58.1M	$86.2M	88.4%	46
2023	$54.8M	$41.1M	$85.5M	84.8%	46
2021	$34.0M	$27.3M	N/A	—	47

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Organization Details

EIN: 84-1531066
State: CO
City: GREENWOOD VLG
ZIP: 80111-2732
Classification: B82
Category: Education
Rating: 4★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2000
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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