Acorn Global Advance

Analysis

Acorn Global Advance is a registered charity in United States, based in Taylors, SC. It received its IRS tax-exemption ruling in July 2022, 4 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, Acorn Global Advance reported income of $370k and spending of $386k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $91k to $370k (+308%), an average of +102% a year. The sharpest change came in the year to December 2022, when income rose by 170%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Acorn Global Advance sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include Bayit Cham ($370k), Georgia National Guard Family Support Foundation ($371k) and NMC Legacy Fund ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (21% of expenses). Other salaries and wages came to $52k. At year end it held assets of $88k against liabilities of $2,558, net assets of $85k. It reported 3 employees.