Acoel Foundation

Analysis

Acoel Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Acoel Foundation reported income of $56k and spending of $30k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $63k to $56k (-11%), an average of -11% a year. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Acoel Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Calistoga Community Chest ($56k), Grand Prairie Quality of Life Foundation Inc ($56k) and Bruce Montgomery Foundation for the Arts ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $153k against liabilities of $4,000, net assets of $149k.