Acedc Fund Inc

Analysis

Acedc Fund Inc is a registered charity in United States, based in Corning, IA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Acedc Fund Inc reported income of $76k and spending of $153k, spending 202% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $922k to $76k (-92%), an average of -46% a year. The sharpest change came in the year to December 2022, when income rose by 713%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Acedc Fund Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within IA. Charities of a similar size with the same main cause include Threatt Filling Station ($76k), Rifle Community Foundation ($76k) and Neighborhood Improvement Corporation ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $899k against liabilities of $0, net assets of $899k.