Acorn Scholarship Fund Inc

Analysis

Acorn Scholarship Fund Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2024, Acorn Scholarship Fund Inc reported income of $203k and spending of $84k, leaving 59% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income grew from $137k to $203k (+48%), an average of +48% a year. The sharpest change came in the year to August 2024, when income rose by 48%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Acorn Scholarship Fund Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Hampton Lifeguard Association Inc ($203k), Avvai Tamil Center ($203k) and Patriots Inc ($203k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $245k against liabilities of $0, net assets of $245k.