A C R E S Inc

Analysis

A C R E S Inc is a registered charity in United States, based in San German, PR. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2023, A C R E S Inc reported income of $456k and spending of $492k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $387k to $456k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A C R E S Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 54th percentile within PR. Charities of a similar size with the same main cause include Jacaranda Foundation Inc ($456k), Camp Valor Outdoors ($456k) and Antioch Ministries Inc ($456k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $57k. At year end it held assets of $210k against liabilities of $224k, net assets of -$14k. It reported 5 employees.