Actm Corp

Analysis

Actm Corp is a registered charity in United States, based in Rockville Centre, NY. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Actm Corp reported income of $3.0m and spending of $4.2m, spending 138% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.2m to $3.0m (+146%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 285%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Actm Corp sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Aace International ($3.0m), Build Rehabilitation Industries Inc ($3.0m) and Mid City Community Advocacy Network ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 29% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $1.5m against liabilities of $39k, net assets of $1.4m. It reported 26 employees.