Achieve Community Charter School

Analysis

Achieve Community Charter School is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 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, Achieve Community Charter School reported income of $10.8m and spending of $10.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $10.8m (+171%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Achieve Community Charter School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Iowa State University Research Park Corp ($10.8m), Global Service Network Inc ($10.8m) and Trivium Preparatory Academy ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Other salaries and wages came to $4.6m. At year end it held assets of $5.7m against liabilities of $3.7m, net assets of $2.0m. It reported 97 employees.