American Communities Trust Inc

Analysis

American Communities Trust Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 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, American Communities Trust Inc reported income of $2.6m and spending of $785k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.6m (+78%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Communities Trust Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Los Altos Educational Foundation ($2.6m), West Florida Premier Soccer Club Inc ($2.6m) and The West Marin Fund ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $127k (16% of expenses). Other salaries and wages came to $114k. At year end it held assets of $11.2m against liabilities of $3.1m, net assets of $8.1m. It reported 3 employees.