Atlantic Community School Foundation

Analysis

Atlantic Community School Foundation is a registered charity in United States, based in Atlantic, IA. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Community School Foundation reported income of $309k and spending of $154k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $309k (+111%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Atlantic Community School Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include United Way of Humphreys County ($309k), Vidar Affiliation Corporation ($309k) and Atlanta Police Association ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.