Acimco

Analysis

Acimco is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Acimco reported income of $1.9m and spending of $2.6m, spending 136% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.6m to $1.9m (+20%), an average of +4.8% a year. The sharpest change came in the year to May 2022, when income rose by 59%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Acimco sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include To Be Honest Inc ($1.9m), Beta Gamma Sigma Inc ($1.9m) and Oholei Yosef Yitzchok Lubavitch Inc ($1.9m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.4m (52% of expenses). Other salaries and wages came to $578k. At year end it held assets of $602k against liabilities of $0, net assets of $602k. It reported 8 employees.