American Center for Economic Advancement Incorporated

Analysis

American Center for Economic Advancement Incorporated is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Center for Economic Advancement Incorporated reported income of $58k and spending of $504k, spending 867% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $317k to $58k (-82%), an average of -82% a year. The sharpest change came in the year to December 2023, when income dropped by 82%. Over the whole period it spent 137% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Center for Economic Advancement Incorporated sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Lifechange Counseling Inc ($58k), Giddings Area Care Center ($58k) and Pikes Peak Permaculture Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of -$128k against liabilities of $0, net assets of -$128k.