Accelerate Great Schools

Analysis

Accelerate Great Schools is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2015, 11 years ago. 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, Accelerate Great Schools reported income of $4.8m and spending of $12.0m, spending 252% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.1m to $4.8m (-57%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 915%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Accelerate Great Schools sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Walker Senior Housing Corporation IX ($4.7m), North East Multi-Regional Training Inc ($4.8m) and Habitat for Humanity in the Roanoke Valley Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Compensation of current officers, directors and key employees was $618k (5.1% of expenses). Other salaries and wages came to $337k. At year end it held assets of $31.9m against liabilities of $27k, net assets of $31.8m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.