Iwu Accelerator

Analysis

Iwu Accelerator is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in November 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Iwu Accelerator reported income of $2.4m and spending of $3.0m, spending 126% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $2.0m to $2.4m (+20%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iwu Accelerator sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Kings Christian School Inc ($2.4m), Ub Oral & Maxillofacial Surgery Inc ($2.4m) and Multilateral Endowment Management Company ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $138k (4.6% of expenses). Other salaries and wages came to $966k. At year end it held assets of $338k against liabilities of $249k, net assets of $89k. It reported 24 employees.