American Corporation for Charity & Research

Analysis

American Corporation for Charity & Research is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 1973, 53 years ago. 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, American Corporation for Charity & Research reported income of $294k and spending of $303k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $298k to $294k (-1.4%), an average of -0.4% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Corporation for Charity & Research sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Rhode Island Community Action Association ($294k), Camp Discovery at His Acres Inc ($294k) and Chesterwye Foundation Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $97k (32% of expenses). At year end it held assets of $33k against liabilities of $2,918, net assets of $30k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.