Arkansas Ecomonic Acceleration Foundation

Analysis

Arkansas Ecomonic Acceleration Foundation is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arkansas Ecomonic Acceleration Foundation reported income of $489k and spending of $421k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $489k (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arkansas Ecomonic Acceleration Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within AR. Charities of a similar size with the same main cause include Veterans Advocacy Foundation Inc ($489k), Seward Senior Citizens Inc ($489k) and Hua Hsing Chinese Schools Inc ($489k).

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 $114k. At year end it held assets of $66k against liabilities of $5,046, net assets of $61k.