Aci Foundation

Analysis

Aci Foundation is a registered charity in United States, based in Farmington Hills, MI. It received its IRS tax-exemption ruling in June 1991, 35 years ago. 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 December 2023, Aci Foundation reported income of $3.1m and spending of $2.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.1m (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aci Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Frankfort Community Care Home Inc ($3.1m), Ohio Premier Soccer Club of Dublin Ohio ($3.1m) and Mesilla Valley Christian Schools Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $191k (6.8% of expenses). Other salaries and wages came to $476k. At year end it held assets of $5.4m against liabilities of $383k, net assets of $5.0m.