Overview
What is Accelerate Change Inc?
Accelerate Change Inc is a Boston-based nonprofit organization dedicated to empowering social change organizations. They help these groups develop innovative strategies to engage their members and generate the people power and resources needed for meaningful, lasting institutional change. By using lean startup methodologies and other effective approaches, Accelerate Change aids organizations in solving real-world issues and improving the lives of their constituents. Furthermore, they assist funders in identifying and supporting scalable civic venture opportunities and building sustainable earned revenue strategies into grantmaking. Accelerate Change's mission focuses on educating the public, particularly minority and underprivileged communities, on a wide range of public interest issues, including economic equality, criminal justice, healthcare, the environment, immigrant integration, child development, poverty, homelessness, and democracy.
Official website here: www.acceleratechange.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Accelerate Change Inc has received an 87% rating on Charity Navigator, indicating a solid level of accountability and financial health. The organization demonstrates strong governance practices, with a fully independent board and no recorded material diversion of assets. Additionally, the charity excels in transparency, having all necessary policies listed and board meeting minutes available.
The financial metrics are impressive as well, with a program expense ratio of 91.10%, meaning that the majority of funds are directed towards programs rather than administrative costs. The fundraising efficiency is notable, with only $0.03 spent to raise a dollar, showcasing an effective approach to fundraising. The liabilities to assets ratio is also healthy at 25.26%, reflecting prudent financial management.
While the overall rating is strong, the working capital ratio of 0.66 years suggests that there may be some challenges in terms of short-term financial stability. However, overall, Accelerate Change Inc appears to be a well-managed organization that prioritizes its mission and utilizes its resources effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Accelerate Change Inc legitimate?
Accelerate Change Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Accelerate Change Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $103,527
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,495,882
For more financial information, click here
Official website here: www.acceleratechange.org/
What is the mission statement of Accelerate Change Inc?
Accelerate Change Inc is dedicated to enlightening the public, with a focus on underprivileged communities, about various public interest matters. These issues span across economic equality, criminal justice, healthcare, the environment, immigrant integration, child development, poverty, and homelessness, as well as democracy. The organization's mission is to serve as an informative resource, fostering understanding and engagement in these topics. Through innovative methods, such as lean startup techniques and focusing on real-world problem-solving, Accelerate Change Inc helps social change organizations amplify their impact and improve the lives of their constituents. Additionally, the organization supports funders in identifying and funding scalable civic ventures, aiding grantees in building sustainable membership, and integrating earned revenue strategies into grantmaking.
Official website here: www.acceleratechange.org/
Who is the CEO of Accelerate Change Inc?
Johanna Neumann is the Board Chair of Accelerate Change Inc.
Official website here: www.acceleratechange.org/
What is the revenue of Accelerate Change Inc?
Accelerate Change Inc's revenue in 2022 was $15,689,192.
Official website here: www.acceleratechange.org/
Who are the executives of Accelerate Change Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.acceleratechange.org/
Where can I find the form 990 for Accelerate Change Inc?
Accelerate Change Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acceleratechange.org/
Learn more at the official website: www.acceleratechange.org/
Mission Statement of Accelerate Change Inc
Accelerate Change Inc, a dynamic organization, is dedicated to enlightening the public, with a particular focus on underprivileged communities, on a variety of public interest matters. These issues span economic equality, criminal justice, healthcare, the environment, immigrant integration, child development, poverty, homelessness, and democracy. By educating individuals, Accelerate Change Inc aims to foster informed citizens and communities, empowering them to contribute to positive change.
Moreover, Accelerate Change Inc goes beyond just disseminating information. They assist social change organizations in their efforts to bring about lasting institutional improvements. Through innovative methods, such as lean startup techniques and problem-solving strategies, Accelerate Change Inc helps these organizations engage their members and address the needs of their constituents effectively.
In addition, Accelerate Change Inc supports funders in identifying and testing new models for financially sustainable citizen organizations. By identifying scalable civic venture opportunities and aiding grantees in experimenting with new membership-building strategies and earned revenue models, Accelerate Change Inc plays a vital role in cultivating large-scale change in the social sector.
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Impact
October, 2024
Accelerate Change Inc significantly impacts communities by equipping social change organizations with the tools and knowledge necessary to address critical public interest issues head-on. With a focus on education, particularly for marginalized and underprivileged groups, it engages citizens on vital topics such as economic inequality, criminal justice reform, healthcare access, environmental sustainability, immigrant integration, child development, and poverty alleviation.
By implementing lean startup methodologies, the organization fosters innovative engagement strategies that empower communities to solve real problems and enhance their quality of life. Furthermore, Accelerate Change facilitates collaboration among funders and organizations to explore scalable civic ventures, enabling the testing and development of sustainable citizen-driven initiatives.
The influence of Accelerate Change extends beyond immediate educational efforts; it cultivates lasting institutional changes that contribute to a more equitable society, ensuring that all communities have the resources and power to thrive. Through its comprehensive approach, Accelerate Change actively contributes to the advancement of civil rights and social justice, making a profound difference in the lives of individuals and communities.
This information is meant to be a general summary of Accelerate Change Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$63,773
- Program Service Revenue: $233,565
- Gross Receipts: $18,010,347
Assets and Liabilities:
- Total Assets: $12,728,956
- Total Liabilities: $2,588,681
- Net Assets: $10,140,275
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$233,565
Organization Details
Founding Year
2017
Phone
(617) 292-4805Principal Officer
Johanna Neumann
Main Address
294 Washington Street Suite 500, Boston, MA, 02108
Website
www.acceleratechange.org/NTEE Category
Code: R22 - Civil rights
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