Regional Accelerator & Innovation Network

Analysis

Regional Accelerator & Innovation Network is a registered charity in United States, based in Wilsonville, OR. It received its IRS tax-exemption ruling in November 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 June 2023, Regional Accelerator & Innovation Network reported income of $1.9m and spending of $1.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $802k to $1.9m (+132%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Regional Accelerator & Innovation Network sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within OR. Charities of a similar size with the same main cause include Solidara a Teamsters Organization ($1.9m), Strive Incorporated ($1.9m) and Enterprize Events Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $160k (8.9% of expenses). At year end it held assets of $1.0m against liabilities of $158k, net assets of $882k. It reported 1 employees.