Acumen Fund Inc
Acumen Fund Inc shows strong financial growth and zero officer compensation over a decade.
EIN: 134166228 · New York, NY · NTEE: Q123 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $50.1M |
| Total Expenses | $30.2M |
| Program Spending | 90% |
| Net Assets | $196.3M |
| Transparency Score | 95/100 |
Is Acumen Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Acumen Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Acumen Fund Inc
Acumen Fund Inc (EIN: 134166228) is a nonprofit organization based in New York, NY, classified under NTEE code Q123. The organization reported total revenue of $50.1M and total assets of $217.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Acumen Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Acumen Fund Inc is a major nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53.2M |
| Total Expenses | $30.2M |
| Surplus / Deficit | +$23.0M |
| Total Assets | $210.8M |
| Total Liabilities | $14.6M |
| Net Assets | $196.3M |
| Operating Margin | 43.2% |
| Debt-to-Asset Ratio | 6.9% |
| Months of Reserves | 83.7 months |
Financial Health Grade: A
In 2023, Acumen Fund Inc reported a surplus of $23.0M with revenue exceeding expenses, holds 83.7 months of operating reserves (strong position), has a debt-to-asset ratio of 6.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Acumen Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.9% | +4.7% | +12.6% |
| 2022 | +100.7% | +26.6% | +23.8% |
| 2021 | +5.5% | -19.7% | +6.9% |
| 2020 | -6.8% | +6.8% | +0.4% |
| 2019 | -10.6% | +17.2% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Acumen Fund Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Acumen Fund Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.9%.
Executive Compensation Analysis
Acumen Fund Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual and suggests a strong commitment to directing funds towards its mission rather than executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Acumen Fund Inc:
- Consistent and significant revenue growth, from $18.7M in 2014 to $53.2M in 2023.
- Strong asset growth, more than doubling from $96.5M in 2014 to $210.8M in 2023.
- Zero officer compensation reported across all available filings (2014-2023), indicating high efficiency and mission focus.
- Consistent positive net income (revenue exceeding expenses) in most years, demonstrating financial stability.
- Low liabilities relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about Acumen Fund Inc
Is Acumen Fund Inc a legitimate charity?
Acumen Fund Inc (EIN: 134166228) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $50.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Acumen Fund Inc spend its money?
Acumen Fund Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Acumen Fund Inc tax-deductible?
Acumen Fund Inc is registered as a tax-exempt nonprofit (EIN: 134166228). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Acumen Fund Inc's spending goes to programs?
Acumen Fund Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Acumen Fund Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Acumen Fund Inc is above average for NTEE category Q123 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Acumen Fund Inc located?
Acumen Fund Inc is headquartered in New York, New York and files with the IRS under EIN 134166228. It is classified under NTEE code Q123.
How many years of IRS 990 filings does Acumen Fund Inc have?
Acumen Fund Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $50.1M in total revenue.
Is Acumen Fund Inc a good charity?
Based on the provided financial data, Acumen Fund Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to its mission by reporting 0% officer compensation for over a decade. This suggests efficient use of funds and a focus on programmatic impact.
How has Acumen Fund Inc's revenue changed over time?
Acumen Fund Inc has experienced significant revenue growth, increasing from $18,731,930 in 2014 to $53,208,748 in 2023, with a peak of $61,117,505 in 2022. This indicates strong fundraising capabilities and increasing support for its mission.
What is the trend in Acumen Fund Inc's assets?
The organization's assets have consistently grown, more than doubling from $96,563,935 in 2014 to $210,817,310 in 2023. This substantial asset growth suggests effective financial management and reinvestment of funds.
Does Acumen Fund Inc pay its officers?
According to the IRS 990 filings, Acumen Fund Inc consistently reports 0% officer compensation for all periods from 2014 to 2023, indicating that no compensation is paid to its officers.
Filing History
IRS 990 filing history for Acumen Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Acumen Fund Inc's revenue has grown by 211.1%, moving from $17.1M to $53.2M. Total assets increased by 121.8% over the same period, from $95.1M to $210.8M. Total functional expenses rose by 148.7%, from $12.2M to $30.2M. In its most recent filing year (2023), Acumen Fund Inc reported a surplus of $23.0M, with revenue exceeding expenses. The organization holds $14.6M in liabilities against $210.8M in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $196.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53.2M | $30.2M | $210.8M | $14.6M | — | View 990 |
| 2022 | $61.1M | $28.9M | $187.2M | $10.8M | — | View 990 |
| 2021 | $30.5M | $22.8M | $151.3M | $6.9M | — | View 990 |
| 2020 | $28.9M | $28.4M | $141.5M | $5.4M | — | View 990 |
| 2019 | $31.0M | $26.6M | $140.9M | $5.0M | — | View 990 |
| 2018 | $34.6M | $22.7M | $134.8M | $3.1M | — | View 990 |
| 2017 | $29.6M | $21.9M | $121.7M | $1.9M | — | View 990 |
| 2016 | $30.4M | $19.4M | $114.2M | $2.1M | — | View 990 |
| 2015 | $23.6M | $17.3M | $102.8M | $1.4M | — | View 990 |
| 2014 | $18.7M | $16.9M | $96.6M | $1.2M | — | View 990 |
| 2013 | $16.8M | $15.5M | $94.6M | $761K | — | View 990 |
| 2012 | $10.6M | $11.6M | $94.8M | $1.8M | — | View 990 |
| 2011 | $17.1M | $12.2M | $95.1M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53.2M, expenses of $30.2M, and assets of $210.8M (revenue -12.9% year-over-year).
- 2022: Revenue of $61.1M, expenses of $28.9M, and assets of $187.2M (revenue +100.7% year-over-year).
- 2021: Revenue of $30.5M, expenses of $22.8M, and assets of $151.3M (revenue +5.5% year-over-year).
- 2020: Revenue of $28.9M, expenses of $28.4M, and assets of $141.5M (revenue -6.8% year-over-year).
- 2019: Revenue of $31.0M, expenses of $26.6M, and assets of $140.9M (revenue -10.6% year-over-year).
- 2018: Revenue of $34.6M, expenses of $22.7M, and assets of $134.8M (revenue +16.8% year-over-year).
- 2017: Revenue of $29.6M, expenses of $21.9M, and assets of $121.7M (revenue -2.4% year-over-year).
- 2016: Revenue of $30.4M, expenses of $19.4M, and assets of $114.2M (revenue +28.5% year-over-year).
- 2015: Revenue of $23.6M, expenses of $17.3M, and assets of $102.8M (revenue +26.1% year-over-year).
- 2014: Revenue of $18.7M, expenses of $16.9M, and assets of $96.6M (revenue +11.8% year-over-year).
- 2013: Revenue of $16.8M, expenses of $15.5M, and assets of $94.6M (revenue +57.4% year-over-year).
- 2012: Revenue of $10.6M, expenses of $11.6M, and assets of $94.8M (revenue -37.8% year-over-year).
- 2011: Revenue of $17.1M, expenses of $12.2M, and assets of $95.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Acumen Fund Inc:
Data Sources and Methodology
This transparency report for Acumen Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.