Accompany Capital Inc

Analysis

Accompany Capital Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Accompany Capital Inc reported income of $3.7m and spending of $3.6m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.6m to $3.7m (+3.0%), an average of +0.7% a year. The sharpest change came in the year to September 2021, when income rose by 55%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Accompany Capital Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Rankin Christian Center ($3.7m), Blue Card Inc ($3.7m) and Help a Mother Out ($3.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $383k (11% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $18.1m against liabilities of $7.7m, net assets of $10.4m. It reported 17 employees.