American Academy of Achievement

Analysis

American Academy of Achievement is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1965, 61 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 July 2023, American Academy of Achievement reported income of $3.6m and spending of $3.7m, spending 105% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.1m to $3.6m (+16%), an average of +3.7% a year. The sharpest change came in the year to July 2023, when income rose by 107%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Academy of Achievement sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 75th percentile within DC. Charities of a similar size with the same main cause include Atlanta Youth Academies Inc ($3.6m), Pennsylvanias State System of Higher Education Foundation ($3.6m) and Carbon Valley Academy Building ($3.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $4.9m against liabilities of $2.3m, net assets of $2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.