Acceso Impact Inc

Analysis

Acceso Impact Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Acceso Impact Inc reported income of $10.3m and spending of $4.0m, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $955k to $10.3m (+979%), an average of +979% a year. The sharpest change came in the year to December 2023, when income rose by 979%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Acceso Impact 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 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Meals on Wheels by Acc ($10.3m), Jewish Family Service of the Cincinnati Area ($10.3m) and Jarc ($10.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $146k (3.7% of expenses). Other salaries and wages came to $111k. At year end it held assets of $7.8m against liabilities of $1.4m, net assets of $6.4m. It reported 3 employees.