Achievement Charter Academy
EIN: 384129394 · Rutherfordton, NC
Is Achievement Charter Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Achievement Charter Academy
Achievement Charter Academy (EIN: 384129394) is a nonprofit organization based in Rutherfordton, NC. The organization reported total revenue of $2.3M and total assets of $392K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Achievement Charter Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Achievement Charter Academy is a mid-size nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-144,720 |
| Total Assets | $445K |
| Total Liabilities | $449K |
| Net Assets | $-4,232 |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 101.0% |
| Months of Reserves | 2.7 months |
Financial Health Grade: D
In 2023, Achievement Charter Academy reported a deficit of $145K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 101.0% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Achievement Charter Academy's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | +0.5% | +113.0% |
| 2022 | +19.8% | +34.9% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Achievement Charter Academy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Achievement Charter Academy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $145K, with expenses exceeding revenue.
- Debt-to-asset ratio: 101.0%.
Frequently Asked Questions about Achievement Charter Academy
Is Achievement Charter Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Achievement Charter Academy (EIN: 384129394) insufficient data. 0 red flags identified, 0 strengths noted.
How does Achievement Charter Academy spend its money?
Detailed spending breakdown data is not yet available for Achievement Charter Academy. Check back for updated IRS 990 analysis.
Are donations to Achievement Charter Academy tax-deductible?
Achievement Charter Academy is registered as a tax-exempt nonprofit (EIN: 384129394). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Achievement Charter Academy showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Achievement Charter Academy's revenue has grown by 11.8%, moving from $1.7M to $1.9M. Total assets increased by 115.9% over the same period, from $206K to $445K. Total functional expenses rose by 35.5%, from $1.5M to $2.0M. In its most recent filing year (2023), Achievement Charter Academy reported a deficit of $145K, with expenses exceeding revenue. The organization holds $449K in liabilities against $445K in assets (debt-to-asset ratio: 101.0%), resulting in net assets of $-4,232.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.0M | $445K | $449K | — | View 990 |
| 2022 | $2.0M | $2.0M | $209K | $29K | — | View 990 |
| 2021 | $1.7M | $1.5M | $206K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.0M, and assets of $445K (revenue -6.7% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $209K (revenue +19.8% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.5M, and assets of $206K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Achievement Charter Academy:
Data Sources and Methodology
This transparency report for Achievement Charter Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.