Acres of Love Inc

Analysis

Acres of Love Inc is a registered charity in United States, based in San Juan Capo, CA. It received its IRS tax-exemption ruling in August 2001, 25 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, Acres of Love Inc reported income of $3.8m and spending of $4.5m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.8m (+72%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Acres of Love Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include African Communities Together ($3.8m), SNHS Management Corporation ($3.8m) and Out Memphis ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $95k (2.1% of expenses). Other salaries and wages came to $221k. At year end it held assets of $2.0m against liabilities of $31k, net assets of $2.0m. It reported 6 employees.