Atlantic University Inc

Analysis

Atlantic University Inc is a registered charity in United States, based in Guaynabo, PR. It received its IRS tax-exemption ruling in November 2018, 8 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, Atlantic University Inc reported income of $15.5m and spending of $13.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $15.5m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Atlantic University Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within PR. Charities of a similar size with the same main cause include Cole Valley Christian Schools Inc ($15.5m), Yeshivat Aish Hatorah ($15.5m) and Duke Ellington School of the Arts Project ($15.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $294k (2.2% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $26.4m against liabilities of $4.3m, net assets of $22.1m. It reported 189 employees.