Accelertor for America

Analysis

Accelertor for America is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Accelertor for America reported income of $1.0m and spending of $2.0m, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.0m (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income rose by 162%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Accelertor for America sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Lutheran Home Forsyth County Property Inc ($1.0m), Alaska Teamster Employer Service Training Trust ($1.0m) and Trenton Downtown Association Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $282k (14% of expenses). Other salaries and wages came to $635k. At year end it held assets of $1.8m against liabilities of $169k, net assets of $1.6m. It reported 9 employees.