Acorn a School for Young Children

Analysis

Acorn a School for Young Children is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in January 1980, 46 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Acorn a School for Young Children reported income of $1.1m and spending of $1.0m, spending 97% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $730k to $1.1m (+47%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 46%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Acorn a School for Young Children sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include East Side Soup Kitchen ($1.1m), Laurens County Safe Homes Network ($1.1m) and Cockeysville Volunteer Fire Co of Cockeysville Baltimore Co MD ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $103k (9.9% of expenses). Other salaries and wages came to $427k. At year end it held assets of $1.7m against liabilities of $985k, net assets of $731k. It reported 30 employees.