Achievement First Bridgeport Academy Inc

Analysis

Achievement First Bridgeport 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 Bridgeport Academy Inc reported income of $17.5m and spending of $17.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.6m to $17.5m (+5.6%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Achievement First Bridgeport 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 Teaching Lab ($17.5m), St Croix Preparatory Academy ($17.5m) and University Academy ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $73k (0.4% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $12.4m against liabilities of $4.8m, net assets of $7.7m. It reported 221 employees.