Acorn Foundation

Analysis

Acorn Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Acorn Foundation reported income of $382k and spending of $175k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $483k to $382k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2023, when income rose by 620%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Acorn Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Huntington Beach Council on Aging ($382k), Murray County Developmental Achievement Center Inc ($382k) and Growing Tree Inc ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.