Higher Achievement Program Inc

Analysis

Higher Achievement Program Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1985, 41 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 August 2023, Higher Achievement Program Inc reported income of $4.6m and spending of $7.1m, spending 154% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $8.6m to $4.6m (-46%), an average of -14% a year. The sharpest change came in the year to August 2023, when income dropped by 40%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Higher Achievement Program Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 79th percentile within DC. Charities of a similar size with the same main cause include Hiway 80 Rescue Mission ($4.6m), Dallas Leadership Foundation ($4.6m) and LA Raza Community Resource Center Inc ($4.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $485k (6.8% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $7.4m against liabilities of $1.4m, net assets of $5.9m. It reported 105 employees.