Achievement Academy Inc

Analysis

Achievement Academy Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in March 1957, 69 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 2023, Achievement Academy Inc reported income of $4.1m and spending of $3.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.1m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Achievement Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include New Dimensions High School Inc ($4.1m), Summit Charter School Foundation Inc ($4.1m) and Educationsuperhighway ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $65k (1.7% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $3.4m against liabilities of $340k, net assets of $3.1m. It reported 75 employees.