Accelerate

Analysis

Accelerate is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Accelerate reported income of $192k and spending of $143k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $192k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Accelerate sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within SD. Charities of a similar size with the same main cause include Blue Ribbon Soiree ($192k), Hive Foundation Inc ($192k) and Jennas Rainbow Foundation Inc ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 68% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.