Ace Foundation Inc

Analysis

Ace Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ace Foundation Inc reported income of $1.1m and spending of $995k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $689k to $1.1m (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 412%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ace Foundation Inc sits at the 77th 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 82nd percentile within FL. Charities of a similar size with the same main cause include Citrus County Education Foundation Inc ($1.1m), St John Bosco Schools ($1.1m) and Alpha Sigma Phi Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $275k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 2 employees.