Acorn Center for Restoration and Freedom Inc

Analysis

Acorn Center for Restoration and Freedom Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Acorn Center for Restoration and Freedom Inc reported income of $1.8m and spending of $1.3m, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $243k to $1.8m (+627%), an average of +94% a year. The sharpest change came in the year to December 2021, when income rose by 347%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Acorn Center for Restoration and Freedom Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include The Broadway League Foundation Inc ($1.8m), Asheville Art Museum Association Inc ($1.8m) and Texarkana Symphony Orchestra ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $147k (11% of expenses). Other salaries and wages came to $154k. At year end it held assets of $490k against liabilities of $0, net assets of $490k.