Accel

Analysis

Accel is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Accel reported income of $24.3m and spending of $21.2m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.8m to $24.3m (+54%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Accel sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include American Academy of Dramatic Arts ($24.3m), School Lane Charter School ($24.3m) and Tacony Neighborhood Charter School ($24.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $915k (4.3% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $28.1m against liabilities of $22.0m, net assets of $6.1m. It reported 493 employees.