Acorn School Endowment Inc

Analysis

Acorn School Endowment Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Acorn School Endowment Inc reported income of $106k and spending of $7,066, leaving 93% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $39k to $106k (+174%), an average of +29% a year. The sharpest change came in the year to August 2022, when income rose by 1373%. Over the whole period it spent 6.3% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Acorn School Endowment Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include New Jersey School of Woodwork a NJ Nonprofit Corporation ($106k), Florida District of Circle K International Inc ($106k) and Minford High School Touch Down Club ($106k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.