Achievement First Rhode Island
83% goes to programs $2 to raise $100 Growing revenue
Achievement First Rhode Island is a 501(c)(3) organization based in New Haven, Connecticut, registered in 2014, with $65,360,585 in FY2023 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
470 James Street Ste 007, New Haven, CT, 06513 EIN 46-1986417 Since 2014
Revenue (FY2023)
$65.4M
▲ 22.4% vs prior year
Education median: $200K
Expenses (FY2023)
$59.0M
Net assets
$19.0M
Employees
523
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating83% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Achievement First Rhode Island: 83% to programs · $2 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Achievement First Rhode Island: 4 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Achievement First Rhode Island: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Achievement First Rhode Island: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The mission of achievement first rhode island is to strengthen the academic and character skills needed for all students to excel in top-tier colleges, to achieve success in a competitive world and to serve as the next generation of leaders in their communities. the school serves students from low income households in providence and surrounding communities in rhode island. the school offers kindergarten through eleventh grade.
Contact & location
- Address
- 470 James Street Ste 007, New Haven, CT, 06513
- City
- New Haven
- State
- Connecticut
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $5.7M (FY2013) to $65.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $73.9MNet assets $19.0M
Operating margin
9.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$92.9M
Total liabilities
$73.9M
Net assets
$19.0M
Salaries & benefits
$28.2M
48% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $65,360,585▲22.4% | $58,978,425▲19.0% | $18,981,369▲50.7% | $92,867,273▲15.2% | 990 |
| 2022 | $53,387,295▲22.6% | $49,565,874▲15.5% | $12,599,209▲43.5% | $80,620,877▲15.2% | 990 |
| 2021 | $43,534,059▲27.1% | $42,905,154▲50.5% | $8,777,788▲7.7% | $69,973,568▲255% | 990 |
| 2020 | $34,238,868▲38.3% | $28,500,972▲15.9% | $8,148,883▲238% | $19,683,627▲21.8% | 990 |
| 2019 | $24,759,125▲27.0% | $24,585,613▲27.8% | $2,410,987▲7.8% | $16,165,743▲14.0% | 990 |
| 2018 | $19,491,830▲19.9% | $19,236,974▲18.7% | $2,237,475▲12.9% | $14,183,256▲44.7% | 990 |
| 2017 | $16,256,869▲29.9% | $16,207,891▲29.1% | $1,982,619▲2.5% | $9,799,560▼5.0% | 990 |
| 2016 | $12,517,541▲26.2% | $12,558,842▲24.0% | $1,933,641▼2.1% | $10,311,848▲2.0% | 990 |
| 2015 | $9,921,145▲59.2% | $10,126,600▲72.6% | $1,974,942▼9.4% | $10,104,842▼0.7% | 990 |
| 2014 | $6,233,773▲8.5% | $5,866,613▲49.1% | $2,180,397▲20.2% | $10,176,628▲70.7% | 990 |
| 2013 | $5,746,988 | $3,933,751 | $1,813,237 | $5,962,362 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Donavan L Tracey — $173,541 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Donavan L Tracey | Principal | 40 | $173,541 |
| Aja Davis | Principal | 40 | $168,352 |
| Andrew Walker | Principal | 40 | $156,149 |
| Breonna M Hudgins | Principal | 40 | $149,970 |
| Cynthia M Louis-dale | Principal | 40 | $138,183 |
| James Wiley | Treasurer | 1 | — |
| Jo-ann Schofield | Director | 1 | — |
| John Igliozzi | Director | 1 | — |
| Macky Mcclearly | Director | 1 | — |
| Maryellen Butke | Vice Chair | 1 | — |
| Mayor Brett Smiley | Chair | 1 | — |
| Mayor Charles Lombardi | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Achievement First | Management Services | $5,371,702 |
Grants received · $9.1M total
11 grants to Achievement First Rhode Island totaling $9.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Achievement First Inc | To support the general operating expenses of the school. | 2023 | $1,125,603 |
| Achievement First Inc | To support the general operating expenses of the school. | 2022 | $1,280,882 |
| Achievement First Inc | To support the general operating expenses of the school. | 2021 | $1,090,203 |
| Achievement First Inc | To support the general operating expenses of the school. | 2020 | $707,950 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $10,000 |
| Achievement First Inc | To support the general operating expenses of the school. | 2019 | $763,977 |
| Achievement First Inc | To support the general operating expenses of the school. | 2018 | $300,000 |
| Achievement First Inc | To support the general operating expenses of the school. | 2017 | $712,285 |
| Achievement First Inc | To support the general operating expenses of the school. | 2016 | $885,171 |
| Achievement First Inc | To support the general operating expenses of the school. | 2015 | $1,116,866 |
| Achievement First Inc | To support the general operating expenses of the school. | 2014 | $1,139,708 |
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Compare Achievement First Rhode Island
Frequently asked questions
- Is Achievement First Rhode Island a legitimate nonprofit?
- Yes. Achievement First Rhode Island is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-1986417, based in New Haven, Connecticut. Donations are tax-deductible.
- What is Achievement First Rhode Island's EIN?
- Achievement First Rhode Island's Employer Identification Number (EIN) is 46-1986417.
- How much revenue does Achievement First Rhode Island report?
- Achievement First Rhode Island reported $65,360,585 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Achievement First Rhode Island's spending goes to programs?
- Achievement First Rhode Island spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Achievement First Rhode Island have?
- CharityIndex grades Achievement First Rhode Island A, based on program efficiency and fundraising cost.
- How much does Achievement First Rhode Island's highest-paid employee make?
- The highest reported compensation on Achievement First Rhode Island's latest Form 990 is $173,541, paid to Donavan L Tracey (Principal).
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Data for Achievement First Rhode Island (EIN 46-1986417) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.