An Achievable Dream Virginia Beach Inc

Analysis

An Achievable Dream Virginia Beach Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, An Achievable Dream Virginia Beach Inc reported income of $2.2m and spending of $2.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.2m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, An Achievable Dream Virginia Beach Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Jewish Community Day School of Greater New Orleans ($2.2m), Manchester Educational Foundation Inc ($2.2m) and Early Childhood Partnership of Adams County ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $106k (4.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.2m against liabilities of $562k, net assets of $2.7m. It reported 115 employees.