Aacts Inc

Analysis

Aacts Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 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 2021, Aacts Inc reported income of $376k and spending of $239k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income fell from $660k to $376k (-43%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aacts Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Bargain Garden Inc ($376k), Food for Life Global - Americas Inc ($376k) and Early Learning Program Inc ($376k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (33% of expenses). At year end it held assets of $636k against liabilities of $0, net assets of $636k. It reported 5 employees.