Academic Success Program

Analysis

Academic Success Program is a registered charity in United States, based in Corinth, TX. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Academic Success Program reported income of $7.0m and spending of $3.3m, leaving 53% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $936k to $7.0m (+653%), an average of +66% a year. The sharpest change came in the year to July 2023, when income rose by 840%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academic Success Program sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include University of South Carolina Development Foundation ($7.0m), Jacobs Ladder Neurodevelopmental Learning Center Inc ($7.1m) and Erie Elementary Charter School ($7.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $207k (6.3% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $4.6m against liabilities of $119k, net assets of $4.4m. It reported 45 employees.