Acenda Inc

Analysis

Acenda Inc is a registered charity in United States, based in Glassboro, NJ. It received its IRS tax-exemption ruling in December 1968, 58 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 December 2023, Acenda Inc reported income of $51.3m and spending of $51.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $39.1m to $51.3m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Acenda Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Suburban Adult Services Inc ($51.3m), Mather ($51.3m) and Southminster Inc ($51.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Other salaries and wages came to $28.7m. At year end it held assets of $49.8m against liabilities of $29.6m, net assets of $20.2m. It reported 757 employees.