Accelerate4kids Foundation

Analysis

Accelerate4kids Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Accelerate4kids Foundation reported income of $192k and spending of $202k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $230k to $192k (-16%), an average of -8.6% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Accelerate4kids Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Alabama Affordable Housing Association Scholarship Fund ($192k), Hudson Blue Line Club Inc ($192k) and Kentwood Education Fund ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $6,429 against liabilities of $3,883, net assets of $2,546.