Achievement First Rhode Island

Analysis

Achievement First Rhode Island is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in July 2014, 12 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 Rhode Island reported income of $53.4m and spending of $49.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.5m to $53.4m (+174%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Achievement First Rhode Island sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Great Oaks Charter School ($53.3m), Real Journey Academies Inc ($53.4m) and Haverford School ($53.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $22.6m. At year end it held assets of $80.6m against liabilities of $68.0m, net assets of $12.6m. It reported 477 employees.