Acevedo Foundation

Analysis

Acevedo Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Acevedo Foundation reported income of $834k and spending of $834k, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $1.1m to $834k (-23%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Acevedo Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Genesis Outreach Incorporated ($834k), Parents League of New York Inc ($834k) and Bullard Family Foundation Inc ($834k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (6.0% of expenses). Other salaries and wages came to $16k. At year end it held assets of $272k against liabilities of $302k, net assets of -$30k. It reported 2 employees.