Acorn School

Analysis

Acorn School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1967, 59 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Acorn School reported income of $1.6m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.6m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Acorn School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Great Lakes Hemophilia Foundation Inc ($1.6m), Bethany Community Inc ($1.6m) and Quest Academy Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $224k (16% of expenses). Other salaries and wages came to $595k. At year end it held assets of $2.4m against liabilities of $37k, net assets of $2.4m. It reported 17 employees.