Acfb Charitable Investments Inc

Analysis

Acfb Charitable Investments Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Acfb Charitable Investments Inc reported income of $11.9m and spending of $1.2m, leaving 90% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $79.4m to $11.9m (-85%), an average of -85% a year. The sharpest change came in the year to June 2023, when income dropped by 85%. Over the whole period it spent 1.3% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Acfb Charitable Investments Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Summit at First Hill ($11.9m), Mahoning Youngstown Community Action Partnership ($11.9m) and Innovative Housing Development Corporation ($11.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $88.2m against liabilities of $0, net assets of $88.2m.