The Acaam Foundation Inc

Analysis

The Acaam Foundation Inc is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, The Acaam Foundation Inc reported income of $295k and spending of $692k, spending 235% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.8m to $295k (-83%), an average of -45% a year. The sharpest change came in the year to December 2021, when income dropped by 80%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Acaam Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include National Bone Marrow Transplant Link ($295k), Universal Medical Institute Inc ($295k) and Schaefferstown Emergency Medical Services Inc ($295k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 13% and program service revenue 69% of the total. At year end it held assets of $1.2m against liabilities of $479k, net assets of $681k.