Friends of Accion Inc

Analysis

Friends of Accion Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Friends of Accion Inc reported income of $233k and spending of $193k, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $244k to $233k (-4.5%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 58% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Accion Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include The Guatemala Project ($233k), Sewing Hope Foundation ($233k) and Building Believers in Christ ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $550k against liabilities of $0, net assets of $550k.