Achieving the Dream Inc

Analysis

Achieving the Dream Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in March 2010, 16 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 June 2024, Achieving the Dream Inc reported income of $16.9m and spending of $20.9m, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $21.2m to $16.9m (-21%), an average of -5.6% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Achieving the Dream 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 MD. Charities of a similar size with the same main cause include Hogan Preparatory Academy Inc ($16.9m), High Point Academy Inc ($16.9m) and Southern University System Foundation ($16.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $1.6m (7.8% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $43.7m against liabilities of $6.7m, net assets of $36.9m. It reported 74 employees.