Atlantis Educational Foundation Inc

Analysis

Atlantis Educational Foundation Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in April 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Atlantis Educational Foundation Inc reported income of $139k and spending of $96k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $163k to $139k (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2023, when income rose by 188%. Over the whole period it spent 140% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Atlantis Educational Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Bellows Family Foundation ($139k), Magnolia Hospital Foundation Inc ($139k) and Branches for the Lake Inc ($139k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.