Acvb Foundation Inc

Analysis

Acvb Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2002, 24 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, Acvb Foundation Inc reported income of $152k and spending of $98k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $162k to $152k (-5.8%), an average of -1.5% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Acvb Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within GA. Charities of a similar size with the same main cause include C Asimota & Associates Inc ($152k), Ottawa County Community Development Foundation ($152k) and Hamilton Central Business Special Improvement District Inc ($152k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 49% of the total. At year end it held assets of $3.9m against liabilities of $5,745, net assets of $3.9m.