Access to Capital for Entrepreneurs Inc

Analysis

Access to Capital for Entrepreneurs Inc is a registered charity in United States, based in Cleveland, GA. It received its IRS tax-exemption ruling in September 1998, 28 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, Access to Capital for Entrepreneurs Inc reported income of $27.0m and spending of $13.7m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.7m to $27.0m (+209%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 106%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Access to Capital for Entrepreneurs Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Minnesota Assistance Council for Veterans ($26.7m), Center for Employment Training ($27.1m) and Los Angeles Conservation Corps ($26.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $757k (5.5% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $121.2m against liabilities of $67.6m, net assets of $53.6m. It reported 44 employees.