The Association of Community Organizations For Reform Now, or ACORN, a voting organization that works in large cities and for the poor, now finds itself filing for bankruptcy. However, despite court documents showing that the organization is $8.6 million in debt and only has $218, 709 in cash, critics of the group believe there might be ulterior motives for filing.

ACORN insists that their current financial state is due to a marked decrease in public interest and support. In 2008 the group took in $46.1 million in donations, followed by $16.2 million the following year, and only $1.57 million for the first ten months of 2010.

Since ACORN is a private foundation its funding sources are secretive and protected by its members. It is known that major supporters include foundations, corporate philanthropies, and labor foundations, as well as some monies received from government grants. Member dues also contribute to the overall financing of the group.

At one time ACORN claimed 400,000 members in over 1200 neighborhood chapters around the country.

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