Accelerate Institute

Analysis

Accelerate Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Accelerate Institute reported income of $2.3m and spending of $2.5m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.3m (-3.6%), an average of -0.9% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Accelerate Institute sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Hutson School Inc ($2.3m), Express Advantage ($2.3m) and Great Midwest Athletic Conference Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $565k (22% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $978k against liabilities of $120k, net assets of $858k. It reported 16 employees.