Acs Development Company I Inc

Analysis

Acs Development Company I Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 1942, 84 years ago. 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, Acs Development Company I Inc reported income of $35.3m and spending of $332k, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $35.3m (+27077%), an average of +306% a year. The sharpest change came in the year to December 2023, when income rose by 8339%. Over the whole period it spent 5.3% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Acs Development Company I Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Community Action Partnership of Ramsey and Washington Counties ($35.3m), University of Alabama Huntsville Foundation ($35.3m) and Volunteers of America Inc ($35.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $49.4m against liabilities of $0, net assets of $49.4m.