Acts 44 Foundation

Analysis

Acts 44 Foundation is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Acts 44 Foundation reported income of $469k and spending of $499k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $469k (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Acts 44 Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Saint Patricks Parade Committee of Holyoke Incorporated ($469k), Virginia Beach Art Center Inc ($469k) and Caroline Calouche & Co ($469k).

Other salaries and wages came to $195k. At year end it held assets of $6.7m against liabilities of $3,727, net assets of $6.7m. 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.