Charity Search / 757 ACCELERATE INC
Community Improvement (S30) 990 on File

757 ACCELERATE INC

EIN: 82-3232312 · NORFOLK, VA 23510-1970 · United States · FY 2024 Data
2 out of 5 38 / 100 Based on 2+ years of filings
Financial strength (30%) 53/100
Reliability (20%) 45/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$1.2M
Total Revenue
$1.7M
Total Expenses
$505K
Net Assets
7
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 53.1%
Fundraising Efficiency N/A
Operating Reserve 3.65x
Liability-to-Asset 0.5%
Revenue Diversification 72.1%
Executive Compensation $241K
Compared with Peers
FY 2024
Compared with 1,625 similar organizations (United States, Community Improvement, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
53.1% 85.2%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
46.9% 11.8%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.1%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
3.7 mo 9.7 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.5% 21.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
72.1% 90.7%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-20.9% 8.8%
P10P90
Expense growth
Year over year expense growth
20.6% 10.1%
P10P90
Surplus margin
Surplus as a share of revenue
-34.3% 1.6%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $1.2M $1.7M $505K 53.1% 7
2023 $1.6M $1.4M $930K 44.0% 5
2022 $1.6M $1.3M $743K 55.7% 4
2021 $1.9M $847K N/A — 4
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Organization Details
EIN
82-3232312
State
VA
City
NORFOLK
ZIP
23510-1970
Classification
S30
Category
Community Improvement
Rating
2★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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