Achievement Charter Academy

Analysis

Achievement Charter Academy is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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 Charter Academy reported income of $1.9m and spending of $2.0m, spending 108% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.7m to $1.9m (+12%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Achievement Charter Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Greeninfo Network ($1.8m), The Dance Brigade a New Group From Wallflower Order ($1.9m) and Hakone Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $82k (4.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $445k against liabilities of $449k, net assets of -$4,232. It reported 34 employees.