Acelero Charitable Foundation

Analysis

Acelero Charitable Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Acelero Charitable Foundation reported income of $91k and spending of $0, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $834k to $91k (-89%), an average of -89% a year. The sharpest change came in the year to December 2023, when income dropped by 89%. Over the whole period it spent 0.0% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Acelero Charitable Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Lompoc Pops Orchestra ($91k), Harrison Cultural Community Centre Inc ($91k) and Red Bird Foundation ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $975k against liabilities of $100, net assets of $975k.