Acorn School of Charleston Inc

Analysis

Acorn School of Charleston Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Acorn School of Charleston Inc reported income of $406k and spending of $394k, spending 97% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $248k to $406k (+64%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Acorn School of Charleston Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Indian Training and Education Center Inc ($406k), Reading Roadmap Inc ($406k) and Point Magazine ($406k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Other salaries and wages came to $281k. At year end it held assets of $34k against liabilities of $0, net assets of $34k. It reported 10 employees.