Accelerate Education Group Inc

Analysis

Accelerate Education Group Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Education Group Inc reported income of $276k and spending of $163k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $228k to $276k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 55% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Accelerate Education Group Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include McDonald Ranch Inc ($276k), Post 11 American Legion Baseball Committee ($276k) and Lowell Youth Leadership Program Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $31k. At year end it held assets of $273k against liabilities of $26k, net assets of $247k. It reported 1 employees.