29 Acres Inc

Analysis

29 Acres Inc is a registered charity in United States, based in Cross Roads, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 29 Acres Inc reported income of $7.9m and spending of $7.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $7.9m (+190%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, 29 Acres Inc 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 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Geneva Nursing Home II Inc ($7.9m), Mountainview Medical Center ($7.9m) and Quality Behavioral Health ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $185k (2.5% of expenses). Other salaries and wages came to $4.1m. It paid $35k in professional fundraising fees. At year end it held assets of $17.4m against liabilities of $8.5m, net assets of $8.9m. It reported 228 employees.