Acord Inc

Analysis

Acord Inc is a registered charity in United States, based in S Hamilton, MA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Acord Inc reported income of $336k and spending of $300k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $247k to $336k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2020, when income rose by 79%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Acord Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Angel Assisted Living Services ($336k), Mission Missouri ($336k) and Sox Place Inc ($336k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $74k. At year end it held assets of $904k against liabilities of $0, net assets of $904k.