Acacia Real Estate Development Inc

Analysis

Acacia Real Estate Development Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Acacia Real Estate Development Inc reported income of $2.3m and spending of $109k, leaving 95% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $28k to $2.3m (+8174%), an average of +336% a year. The sharpest change came in the year to December 2021, when income rose by 1198%. Over the whole period it spent 8.7% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Acacia Real Estate Development Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Wesley House Community Center ($2.3m), Glacier Hills Foundation ($2.3m) and Shelter Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $6.0m against liabilities of $1.9m, net assets of $4.1m.