One Acre Fund

Analysis

One Acre Fund is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in January 2006, 20 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, One Acre Fund reported income of $246.2m and spending of $227.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $163.5m to $246.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, One Acre Fund sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include World Central Kitchen Incorporated ($241.5m), Project Orbis International Inc ($259.9m) and Clinton Health Access Initiative Inc ($224.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $1.1m (0.5% of expenses). Other salaries and wages came to $38.3m. At year end it held assets of $247.6m against liabilities of $133.6m, net assets of $114.0m. It reported 80 employees.