Access College Foundation

Analysis

Access College Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in June 1988, 38 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 2024, Access College Foundation reported income of $10.8m and spending of $6.0m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.9m to $10.8m (+177%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 100%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Access College Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Community Roots Charter School ($10.8m), Union Colony School ($10.8m) and Woodlynde School Corp ($10.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $276k (4.6% of expenses). Other salaries and wages came to $2.9m. It paid $78k in professional fundraising fees. At year end it held assets of $78.7m against liabilities of $305k, net assets of $78.4m. It reported 48 employees.