Acds Inc

Analysis

Acds Inc is a registered charity in United States, based in Plainview, NY. It received its IRS tax-exemption ruling in August 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Acds Inc reported income of $38.4m and spending of $38.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.4m to $38.4m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Acds Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include International Bureau of Fiscal Documentation ($38.3m), United Church Insurance Company Inc ($38.5m) and Palmer Trinity Private School Inc ($38.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $544k (1.4% of expenses). Other salaries and wages came to $23.5m. At year end it held assets of $16.3m against liabilities of $8.3m, net assets of $8.0m. It reported 950 employees.