Aacorn Farm Inc

Analysis

Aacorn Farm Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in June 2013, 13 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, Aacorn Farm Inc reported income of $570k and spending of $398k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $570k (+121%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 80%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aacorn Farm Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include A Center of Hope CPC Inc ($570k), R-House Inc ($570k) and The Sons of Liberty ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $48k (12% of expenses). Other salaries and wages came to $136k. At year end it held assets of $808k against liabilities of $51k, net assets of $757k. It reported 13 employees.