Achievement First Inc

Analysis

Achievement First Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in May 2004, 22 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 June 2023, Achievement First Inc reported income of $41.9m and spending of $52.6m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $42.3m to $41.9m (-0.9%), an average of -0.2% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Achievement First Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Alliance University ($41.9m), Carlos Albizu University Inc ($42.0m) and Trinity Christian College Association ($41.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.0m (1.9% of expenses). Other salaries and wages came to $30.3m. At year end it held assets of $43.9m against liabilities of $16.0m, net assets of $28.0m. It reported 394 employees.