Graduate Management Admission Council
11921 Freedom Dr Ste 300, Reston, VA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $67,401,273 | $74,216,291 | $164,277,749 |
| FY2023 | $63,740,699 | $73,947,044 | $164,575,689 |
| FY2022 | $63,026,606 | $69,629,243 | $162,686,834 |
| FY2021 | $77,127,681 | $67,246,312 | $200,747,973 |
| FY2020 | $72,686,376 | $76,079,385 | $183,270,522 |
| FY2019 | $95,385,559 | $101,133,934 | $174,894,057 |
| FY2018 | $96,959,120 | $95,373,780 | $164,330,042 |
| FY2017 | $97,364,259 | $93,741,624 | $171,271,601 |
| FY2016 | $97,292,315 | $92,409,065 | $157,352,702 |
| FY2015 | $101,222,303 | $87,658,778 | $147,449,277 |
| FY2014 | $93,211,842 | $87,859,017 | $140,336,157 |
| FY2013 | $94,522,280 | $90,263,101 | $131,571,736 |
| FY2012 | $125,146,849 | $102,745,123 | $126,147,324 |
| FY2011 | $92,744,172 | $91,822,965 | $120,893,210 |
Form 990 filings
The returns filed by Graduate Management Admission Council (EIN 23-7084339), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $2,022,575 | 3% |
| Program service revenue | $56,428,726 | 84% |
| Other revenue | $8,949,972 | 13% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $53,633,592 | 72% |
| Management & general | $20,582,699 | 28% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 84% of total revenue in FY2024.
- Program services accounted for 72% of functional expenses, management & general 28%, and fundraising 0%.
- 72% of functional expenses went to program services in FY2024. That is higher than 10.3% of 136 Education organizations in VA.
- Net assets covered about 26.6 months of expenses at the end of the reporting year. That puts it in the 62nd percentile among 1604 Education organizations in VA.
- Total revenue was higher than 98.7% of 1641 Education organizations in VA.
- Total revenue fell from $92,744,172 in FY2011 to $67,401,273 in FY2024. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 14 reported years (FY2019, FY2020, FY2022, FY2023, FY2024).
- The highest revenue on record here is $125,146,849 in FY2012.
- Net assets grew from $120,893,210 to $164,277,749 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO CREATE A WORLD WHERE EVERY PERSON CAN BENEFIT FROM THE BEST BUSINESS EDUCATION FOR THEM.
IRS status
| Ruling year | 1999 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B90 — Education (in VA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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