The Accelerated Schools

Analysis

The Accelerated Schools is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2001, 25 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, The Accelerated Schools reported income of $35.9m and spending of $38.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.3m to $35.9m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Accelerated Schools sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Avon Grove Charter School ($35.9m), G Squared Foundation Inc ($35.9m) and Trustees of the Lawrence Academy at Groton ($35.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $636k (1.7% of expenses). Other salaries and wages came to $15.9m. At year end it held assets of $112.7m against liabilities of $24.4m, net assets of $88.3m. It reported 284 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.