Accelerate the Cure Inc

Analysis

Accelerate the Cure Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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, Accelerate the Cure Inc reported income of $79k and spending of $26k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $79k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Accelerate the Cure Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Sargent Seniors Council ($79k), PTA Texas Congress ($79k) and Novi Cooperative Preschool Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.