Michael Burry
· Cassandra Unchained
· August 18, 2026 at 08:06
· ⏱ 2 min read
| Read on Substack ↗
Summary
Acres of Diamonds is a small, highly efficient Washington-state charity serving homeless mothers and children, and its clean financials and measurable impact make it a credible donation recipient. Because this is a charitable giving recommendation rather than an investment thesis, it carries no direct market or securities implications.
•Acres of Diamonds is based in Duvall, Washington, and helped 44 families and 50 children last year.
•Public support accounts for 94.5% of revenue, and contributions doubled over five years to $4 million in 2025.
•Fundraising costs are about $10.80 per $100 raised, and the executive director's base salary is $54,000 out of $3.3 million in total spending.
•The charity's 79% efficiency clears CharityWatch's 75%, Charity Navigator's 70%, and BBB's 60% standards despite a 21% expense ratio.