Acus Foundation

Analysis

Acus Foundation is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Acus Foundation reported income of $199k and spending of $547k, spending 275% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $199k (-82%), an average of -34% a year. The sharpest change came in the year to December 2022, when income rose by 378%. Over the whole period it spent 121% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Acus Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Aaa Life Services ($199k), Her Healing Community ($199k) and Blalock Foundation ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $100k (18% of expenses). Other salaries and wages came to $61k. At year end it held assets of $1.3m against liabilities of $8,233, net assets of $1.3m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.