Detroit Achievement Academy Foundation

Analysis

Detroit Achievement Academy Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 2016, 10 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 December 2023, Detroit Achievement Academy Foundation reported income of $2.3m and spending of $1.0m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $592k to $2.3m (+285%), an average of +40% a year. The sharpest change came in the year to December 2020, when income rose by 308%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Detroit Achievement Academy Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Southern Nazarene University Foundation ($2.3m), New School ($2.3m) and Aibt Nonprofit Charter High School Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $9,820. At year end it held assets of $15.2m against liabilities of $10.5m, net assets of $4.7m.