The Achievement Network Ltd

Analysis

The Achievement Network Ltd is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Achievement Network Ltd reported income of $42.6m and spending of $33.6m, leaving 21% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $30.1m to $42.6m (+41%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Achievement Network Ltd sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Hmong Academy ($42.5m), Durham Academy Inc ($42.6m) and Edp University of Puerto Rico Inc ($42.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $2.0m (6.0% of expenses). Other salaries and wages came to $21.6m. At year end it held assets of $32.2m against liabilities of $1.6m, net assets of $30.5m. It reported 259 employees.