* Accounting irregularities involving ACORN affiliated charities – ACORN received large amounts of money from its nonprofit affiliates while giving significantly less back in return, suggesting wide-spread subversive accounting practices. Based upon ACORN affiliates’ tax-exempt disclosures, there are substantial discrepancies between ACORN’s own audits and what has been officially reported to the IRS. Nearly 40% of the disbursements from three of ACORN’s 501(c)(3) affiliates to ACORN’s national organization come in the form of gifts and grants for which no real reason is given for the transfer of funds. | * Accounting irregularities involving ACORN affiliated charities – ACORN received large amounts of money from its nonprofit affiliates while giving significantly less back in return, suggesting wide-spread subversive accounting practices. Based upon ACORN affiliates’ tax-exempt disclosures, there are substantial discrepancies between ACORN’s own audits and what has been officially reported to the IRS. Nearly 40% of the disbursements from three of ACORN’s 501(c)(3) affiliates to ACORN’s national organization come in the form of gifts and grants for which no real reason is given for the transfer of funds. |