Ace Development Fund Inc

Analysis

Ace Development Fund Inc is a registered charity in United States, based in Tumwater, WA. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Development Fund Inc reported income of $54k and spending of $70k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $54k (-59%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 85% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Ace Development Fund Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 16th percentile within WA. Charities of a similar size with the same main cause include Tangible Hope Foundation ($54k), Spring Valley Rotary Schools to End Poverty Step Inc ($54k) and Congo Threads ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.