Access Community Capital

Analysis

Access Community Capital is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Access Community Capital reported income of $969k and spending of $1.4m, spending 149% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.2m to $969k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income rose by 190%. Over the whole period it spent 24% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Access Community Capital sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within NV. Charities of a similar size with the same main cause include BDC Community Capital Corp ($969k), MBL Foundation Inc ($969k) and Lawrenceburg Main Street Inc ($969k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $294k (20% of expenses). Other salaries and wages came to $278k. At year end it held assets of $7.5m against liabilities of $1.3m, net assets of $6.2m. It reported 7 employees.