Atlantic University

Analysis

Atlantic University is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in January 1973, 53 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 December 2023, Atlantic University reported income of $456k and spending of $341k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $456k to $456k (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Atlantic University sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include New Horizons Foundations-A Sheet Metal Industry Initiative ($456k), Workwell Partnership ($456k) and Asteam Village Inc ($456k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $69k (20% of expenses). Other salaries and wages came to $55k. At year end it held assets of $875k against liabilities of $457k, net assets of $418k. It reported 6 employees.