Achievement First Brooklyn Charter Schools

Analysis

Achievement First Brooklyn Charter Schools is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Achievement First Brooklyn Charter Schools reported income of $181.5m and spending of $170.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $147.4m to $181.5m (+23%), an average of +5.3% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Achievement First Brooklyn Charter Schools sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Juilliard School ($181.2m), Wheaton College ($181.6m) and Aaa Scholarship Foundation Inc ($180.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.3% and program service revenue 93% of the total. Other salaries and wages came to $102.3m. At year end it held assets of $82.3m against liabilities of $12.1m, net assets of $70.2m. It reported 1,712 employees.