Atlantic Outreach Incorporated

Analysis

Atlantic Outreach Incorporated is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Atlantic Outreach Incorporated reported income of $2.7m and spending of $2.7m, spending 101% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $347k to $2.7m (+682%), an average of +180% a year. The sharpest change came in the year to December 2022, when income rose by 405%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Atlantic Outreach Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Refuge and Restoration ($2.7m), New Roots Institute ($2.7m) and Open Pantry Community Service Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $975k. At year end it held assets of $178k against liabilities of $51k, net assets of $127k. It reported 43 employees.