Act Now Foundation Inc

Analysis

Act Now Foundation Inc is a registered charity in United States, based in Union City, NJ. It received its IRS tax-exemption ruling in March 2015, 11 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, Act Now Foundation Inc reported income of $704k and spending of $679k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $606k to $704k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Act Now Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Valley Area Community Support Inc ($704k), English Together Inc ($704k) and Anchorage Hospice Inc ($704k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $190k (28% of expenses). Other salaries and wages came to $85k. At year end it held assets of $626k against liabilities of $115k, net assets of $511k. It reported 9 employees.