American Care Foundation

Analysis

American Care Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2018, 8 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, American Care Foundation reported income of $1.1m and spending of $998k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $493k to $1.1m (+122%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Care Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Garden of Hope of Central Texas ($1.1m), Harvest Home Farmers Market Inc ($1.1m) and Prescott Community Cupboard Food Bank Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (7.1% of expenses). Other salaries and wages came to $442k. At year end it held assets of $1.1m against liabilities of $222k, net assets of $928k. It reported 20 employees.