Acacia Network Housing Inc

Analysis

Acacia Network Housing Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Acacia Network Housing Inc reported income of $333.4m and spending of $332.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $270.3m to $333.4m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Acacia Network Housing Inc 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 NY. Charities of a similar size with the same main cause include Collegiate Housing Foundation ($249.9m), Mosaic ($352.6m) and The Center for New York City ($236.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $287k (0.1% of expenses). Other salaries and wages came to $53.0m. At year end it held assets of $413.4m against liabilities of $406.5m, net assets of $6.9m. It reported 1,584 employees.