Mission
Accelerating Circularity is a nonprofit dedicated to revolutionizing the textile industry through circular practices, building systems that recycle used textiles back into raw materials to significantly reduce waste and environmental harm.
Basic Information
Founded in
2019
EIN
84-3906295
Total Assets
$1.851 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
At a Glance
2019 - Nonprofit Foundation Established
Accelerating Circularity achieved 501(c)(3) status.
Impactful Publication Released
The first in a series of impactful publications on textile recycling.
Increased Stakeholder Trust
95% of stakeholders expressed trust in Accelerating Circularity's objectives.
Impact Stats
Year Established
501(c)(3) Status
The organization received its nonprofit status, establishing foundational operations.
Grant Amount
Major Grant Award
Walmart Foundation awarded a substantial $1.2 million grant for ongoing initiatives.
Number of Trials
Expansion of Trials
In 2023, Accelerating Circularity conducted 28 trials involving over 70 participants, demonstrating the viability of circular practices.
Award
Recognition and Awards
The organization received the 2023 Just Style Excellence Award in Research for Recycled Materials.
Our Programs
Collaborative Projects
Multi-stakeholder trials and initiatives to test and refine circular systems.
Learn MoreEducation and Outreach
Workshops and resources to build knowledge for circular practices.
Innovation Facilitation
Connecting innovators with industry partners to scale textile recycling technologies.
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
53
46
/100
Program Expense Ratio
73.59%
8
/20
Program Revenue Growth
4.03K%
2
/20
Leverage Ratio
0.02432
20
/20
Working Capital Ratio
2.193
14
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 254K | 23.41% |
| Program Services | 831K | 76.59% |
| Investment Income | 50 | 0.00% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 1.085M | 100.00% |
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