2022 Act Foundation Inc

Analysis

2022 Act Foundation Inc is a registered charity in United States, based in Dorado, PR. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, 2022 Act Foundation Inc reported income of $2.5m and spending of $1.8m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.5m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 2022 Act Foundation Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 83rd percentile within PR. Charities of a similar size with the same main cause include Amador Community Foundation Inc ($2.5m), Shepherds Foundation Inc ($2.5m) and New Life Thrift Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $61k. At year end it held assets of $2.9m against liabilities of $63k, net assets of $2.9m. It reported 1 employees.