Achievement Preparatory Academy Public Charter School

Analysis

Achievement Preparatory Academy Public Charter School is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2007, 19 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 Preparatory Academy Public Charter School reported income of $8.8m and spending of $10.2m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.9m to $8.8m (-51%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Achievement Preparatory Academy Public Charter School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include Georgia Magnet-Charter Schools Foundation Corp ($8.8m), Americas Finest Charter School ($8.8m) and The Center School ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $470k (4.6% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $34.9m against liabilities of $31.8m, net assets of $3.1m. It reported 58 employees.