Mighty Acorn Foundation Inc

Analysis

Mighty Acorn Foundation Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Mighty Acorn Foundation Inc reported income of $580k and spending of $528k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $478k to $580k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mighty Acorn Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include United Way of Lincoln County ($579k), Community Foundation of Crawford County Inc ($580k) and St Johns Episcopal Holdings Corp ($579k).

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 $44k (8.3% of expenses). At year end it held assets of $78k against liabilities of $1,077, net assets of $77k. It reported 1 employees.