Acorn2oaks Inc

Analysis

Acorn2oaks Inc is a registered charity in United States, based in Zelienople, PA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Acorn2oaks Inc reported income of $129k and spending of $97k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $251k to $129k (-48%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Acorn2oaks Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within PA. Charities of a similar size with the same main cause include Tulsa Fiduciary Fund ($129k), Greenwood Heritage Foundation Inc ($130k) and Upland Police Foundation ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $119k against liabilities of $104k, net assets of $15k.