Achievement First Hartford Academy Inc

Analysis

Achievement First Hartford Academy Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in August 2010, 16 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 Hartford Academy Inc reported income of $17.0m and spending of $17.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.9m to $17.0m (+1.0%), an average of +0.3% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Achievement First Hartford Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Columbia Academy School ($17.0m), Harbor Springs Charter School ($17.0m) and Coram Deo Academy Inc ($17.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $101k (0.6% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $4.0m against liabilities of $3.3m, net assets of $741k. It reported 364 employees.