Accelerate Group Inc

Analysis

Accelerate Group Inc is a registered charity in United States, based in Peoria, AZ. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Group Inc reported income of $738k and spending of $616k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $753k to $738k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income dropped by 42%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Accelerate Group 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 76th percentile, and in the 73rd percentile within AZ. Charities of a similar size with the same main cause include Randy Sams Outreach Shelter ($738k), Sikhgurdwarasantarosa ($738k) and Pastors United Community Advocacy Inc ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $201k (33% of expenses). Other salaries and wages came to $47k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 3 employees.