Acts Community Development Corporation

Analysis

Acts Community Development Corporation is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Acts Community Development Corporation reported income of $11.7m and spending of $7.6m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $11.7m (+181%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Acts Community Development Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Jewish Association for Residential Care Inc ($11.7m), Habitat for Humanity Tucson Inc ($11.7m) and Santa Barbara Affordable Housing Group ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $182k (2.4% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $14.8m against liabilities of $3.4m, net assets of $11.4m. It reported 47 employees.