Brevard Achievement Center Inc

Analysis

Brevard Achievement Center Inc is a registered charity in United States, based in Rockledge, FL. It received its IRS tax-exemption ruling in July 1968, 58 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Brevard Achievement Center Inc reported income of $40.6m and spending of $40.4m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $30.6m to $40.6m (+33%), an average of +7.3% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brevard Achievement Center Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Liftfund Inc ($40.6m), Friends of Seattle Waterfront ($40.7m) and Cameron Works Inc ($40.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $977k (2.4% of expenses). Other salaries and wages came to $22.6m. At year end it held assets of $24.7m against liabilities of $4.6m, net assets of $20.0m. It reported 1,116 employees.