Warehouse Business Accelerator

Analysis

Warehouse Business Accelerator is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Warehouse Business Accelerator reported income of $371k and spending of $262k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $371k (+388%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 226%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Warehouse Business Accelerator sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Crop and Kettle ($371k), Davie County Economic Development Commission Inc ($371k) and Sex Workers Outreach Project ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $80k (31% of expenses). Other salaries and wages came to $63k. At year end it held assets of $1.0m against liabilities of $468k, net assets of $550k. It reported 2 employees.