Achroma Corp

Analysis

Achroma Corp is a registered charity in United States, based in Butler, PA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Achroma Corp reported income of $62k and spending of $43k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $62k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Achroma Corp sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include National Qigong Association ($62k), Kathleen Tortora Charity ($62k) and Grazia Foundation ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.