An Achievable Dream Inc

Analysis

An Achievable Dream Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Inc reported income of $858k and spending of $1.7m, spending 199% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $858k (-32%), an average of -9.1% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, An Achievable Dream Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Pat-A-Cake Inc ($858k), Prescor Inc ($858k) and Stand Up and Play Foundation ($858k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 127% of the total. Compensation of current officers, directors and key employees was $280k (16% of expenses). Other salaries and wages came to $462k. At year end it held assets of $5.8m against liabilities of $3.6m, net assets of $2.2m. It reported 76 employees.