Accokeek Foundation Inc

Analysis

Accokeek Foundation Inc is a registered charity in United States, based in Accokeek, MD. It received its IRS tax-exemption ruling in June 1982, 44 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 September 2023, Accokeek Foundation Inc reported income of $1.1m and spending of $1.8m, spending 162% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.2m to $1.1m (-6.8%), an average of -1.7% a year. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Accokeek Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Educational Frontiers Inc ($1.1m), Higgins Brothers Surgicenter for Hope LLC ($1.1m) and Hillel the Foundation for Jewish ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $207k (11% of expenses). Other salaries and wages came to $908k. At year end it held assets of $2.5m against liabilities of $100k, net assets of $2.4m. It reported 31 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.