Achievement Foundation Inc

Analysis

Achievement Foundation Inc is a registered charity in United States, based in Dewitt, IA. It received its IRS tax-exemption ruling in January 1947, 79 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Achievement Foundation Inc reported income of $157k and spending of $399k, spending 254% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $572k to $157k (-73%), an average of -35% a year. The sharpest change came in the year to June 2023, when income dropped by 65%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Achievement Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IA. Charities of a similar size with the same main cause include Carnatic Music Association of North America Inc ($157k), Emergency Nurses Association ($157k) and On Our Own II Inc ($157k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% of the total. Compensation of current officers, directors and key employees was $18k (4.6% of expenses). At year end it held assets of $5.7m against liabilities of $276k, net assets of $5.4m.