Twelveacres Incorporated

Analysis

Twelveacres Incorporated is a registered charity in United States, based in Campbell, CA. It received its IRS tax-exemption ruling in June 1944, 82 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Twelveacres Incorporated reported income of $2.0m and spending of $2.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.0m (+56%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Twelveacres Incorporated sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Embracing Destiny Foundation ($2.0m), Verona Community Food Pantry ($2.0m) and Valley Onward ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $109k (5.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.4m against liabilities of $1.5m, net assets of $916k. It reported 31 employees.