Accelerate Change Inc

Analysis

Accelerate Change Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 June 2023, Accelerate Change Inc reported income of $5.6m and spending of $9.9m, spending 178% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $10.8m to $5.6m (-49%), an average of -20% a year. The sharpest change came in the year to June 2022, when income rose by 231%. Over the whole period it spent 90% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Accelerate Change Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Legal Aid Society of the Orange County Bar Association Inc ($5.6m), Court Appointed Special Advocates of Orange County Inc ($5.6m) and The Massachusetts Association for Community Action Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $109k (1.1% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $7.7m against liabilities of $2.0m, net assets of $5.8m.