Aac Adoption & Family Network Inc

Analysis

Aac Adoption & Family Network Inc is a registered charity in United States, based in Berthoud, CO. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Aac Adoption & Family Network Inc reported income of $75k and spending of $124k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $75k (-95%), an average of -52% a year. The sharpest change came in the year to December 2020, when income dropped by 77%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aac Adoption & Family Network Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within CO. Charities of a similar size with the same main cause include Covington Rotary Foundation ($75k), Fyi Clinic Inc ($75k) and Community Hope Fund Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. At year end it held assets of $210k against liabilities of $0, net assets of $210k.

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.