Ace Basin Growers

Analysis

Ace Basin Growers is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2021, Ace Basin Growers reported income of $111k and spending of $91k, spending 81% of its income. Across the 2 years on record, from December 2020 to December 2021, income fell from $233k to $111k (-52%), an average of -52% a year. The sharpest change came in the year to December 2021, when income dropped by 52%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ace Basin Growers sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 45th percentile within SC. Charities of a similar size with the same main cause include Able Charities Inc USA ($111k), Global Hope Project ($111k) and Hero Fund America Inc ($111k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.