An interesting article in Fortune Magazine which gives insight into financials of CollegeBoard (a “non-profit” which owns the SAT and other exams) and American College Testing (which owns the ACT test). According to the article:
- The most recent fiscal year revenue for CollegeBoard is $631 million. Net “excess” (profit) for the same year is $57 million.
- Heads of both organizations earned salaries above $500,000.
ACT financial numbers were not revealed. You can read the full article here.